Tech rally leads US stocks higher

NEW YORK: Led by tech giants, Wall Street stocks finished solidly higher on Wednesday as investor optimism over the reopening of the economy offset worries about the hit from coronavirus shutdowns.

Stocks have had a topsy-turvy week, rallying hard on Monday, retreating on Tuesday and bouncing again Wednesday as investors weigh the latest on the coronavirus. Facebook rocketed 6.0 per cent higher after unveiling tools for retailers hit by the pandemic to create online storefronts at the social network and Instagram, while Amazon advanced 2.0 per cent as it released the online game"Crucible" as a potential rival to monster hit"Fortnite."After a terrible March, stocks have lately risen on hopes the US economy will quickly bottom out and rebound solidly.

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Tech rally leads US stocks higherNEW YORK (AFP) - Led by tech giants, Wall Street stocks finished solidly higher on Wednesday (May 20) as investor optimism over the reopening of the economy offset worries about the hit from coronavirus shutdowns.. Read more at straitstimes.com.
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