Dow posts 440-point gain and Nasdaq notches 2.7% rise to recover a chunk of losses from Tuesday's tech rout

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U.S. stocks finished sharply higher Wednesday, snapping a three-day selloff that a day earlier drove the Nasdaq Composite into a correction at the fastest pace in history following its record high last week.

The Dow Jones Industrial Average DJIA, +1.59% closed up 440 points, or 1.6%, at 27,940, boosted by gains in Microsoft Corp.

Apple AAPL, +3.98% and salesforce.com CRM, +3.79%. The S&P 500 index SPX, +2.01% rose 2% to 3,399, powered by gains in technology XLK, +3.26%, up 3.4%, and materials XLB, +2.57%, rising 2.6%; and the tech-heavy Nasdaq Composite Index COMP, +2.70% rose 2.7% to 11,142, after falling into a correction with Tuesday's 4.1% selloff. A correction is commonly defined as a drop of at least 10% from a recent peak. In corporate news, AstraZeneca PLC [s:UK: AZN] AZN, -1.

 

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American Small Businesses are dying at a greater rate than people from covid. The difference is they leave whole families with nowhere safe to go.

Sharp? They r barely up by one point or two. Man, if there is ever a serious crash who ever wrote this headline will have a heart attack past maybe 3 or 4 percent. Lol

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