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Technology stocks lead Wall Street higher, extending rally

1 year 6 months 3 weeks ago Thursday, November 05 2020 Nov 5, 2020 November 05, 2020 8:49 AM November 05, 2020 in News
Source: Associated Press

Stocks continued to push higher at the opening of trading on Wall Street Thursday, putting the S&P 500 on track for its biggest weekly gain since April.

The benchmark index was up 1.7% in the early going and is up more than 7% so far this week. Technology companies were again helping lead the way higher, as they have throughout the pandemic and for years before that.

Apple and Microsoft each rose more than 2%. The prospects of more political division as election results continue to trickle in is easing investors’ worries that a Democratic-controlled Washington could have gone after Big Tech more aggressively.

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