Stocks claw higher on Wall Street as tech giants rebound
https://apnews.com/768760c3c13e97a924b213a0e3d03d61
NEW YORK (AP) — Stocks are opening higher on Wall Street as a number of technology companies claw back some of the ground they had lost recently. Major indexes are still headed for weekly losses and a dismal monthly performance after sliding for much of April. On Thursday tech investors got some relief as Facebook’s parent company soared 15% after posting strong subscriber numbers. The volatile stock is still down sharply for the year. Chip maker Qualcomm jumped 7% after easily beating Wall Street’s profit estimates. The S&P 500 rose 0.9% and the tech-heavy Nasdaq added 1.3%. Treasury yields rose.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.