U.S. Stocks Rise as Technology Stocks Rally After Selloff
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U.S. stocks rose, with the Nasdaq 100 Index rebounding from its worst three-day drop since 2011, as technology shares from Google Inc. to Facebook Inc. rallied.
Yahoo! Inc., EBay Inc., Facebook and Google jumped more than 2.1 percent, after a technology selloff broadened yesterday to wipe out the year’s gains in the Standard & Poor’s 500 Index. Alcoa Inc. added 1.9 percent after the close of regular trading as it reported earnings that topped analyst forecasts.