The U.S. stocks rebounded, with three major indices rising 0.9%-1.3%, as China lowered the reserve requirement ratio (RRR) to support the economy. Meanwhile, technology shares attracted buy-in capital ahead of release of quarterly results.
Dow Jones Industrial Average closed up 208.63 pts, or 1.17%, at 18,034.93.
Standard & Poor's 500 Index closed up 19.22 pts, or 0.92%, at 2,100.4.
Nasdaq Composite Index closed up 62.79 pts, or 1.27%, at 4,994.6.
Technology shares were among the leading gainers. IBM surged 3.4% before results announcement and became the strongest DJIA constituent. Facebook, Amazon, and Microsoft leaped 2.9%, 3.7%, and 3.1% respectively. Apple Inc. lifted 2.3% before its results release next week.
AAStocks Financial News
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