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Wall Street closes sharply higher over Big Tech gains

Mohamed Abdelhamid 6 October, 2021 1:42 am Global Stock Market, Market Update

Facebook shares have bounced by 2.1% one day after taking a beating as services resumed following outage.

Tech and financial companies Apple, Microsoft, Amazon and Alphabet are significantly among top advancers, each rose more than 1% following a selloff in growth stocks the day before.

PepsiCo gains on raising annual revenue forecast. Readings for Tuesday include Dow closing at +0.92%, S&P 500 at +1.05% with financials, communication services and technology leading the way, and Nasdaq at +1.25%.

Wall Street ended sharply higher on Tuesday, Tech giants witnessed a strong rebound in growth stocks and investors awaited monthly payrolls data later this week that could influence the U.S. Federal Reserve’s decision on when to scale down the monetary stimulus.

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