Tech sector rallies; Apple gains nearly 5-percent

“Technology stocks mounted a late rally on Wednesday as the Nasdaq Composite Index bounced back from what would have been its ninth consecutive session in the red,” Benjamin Pimentel reports for MarketWatch.

“After falling for eight straight trading days, the Nasdaq (COMP: 2,474.55, +34.04, +1.4%) closed in positive territory, ahead 34.04 points, or 1.39%, at 2474.55. The Dow Jones Industrial Average also recovered to advance by 146.24 points,” Pimentel reports.

“The Morgan Stanley High Tech 35 Index (MSH: m570.82, -10.38, -1.8%) and the Philadelphia Semiconductor Index ($SOX: 362.94, +1.23, +0.3%) also closed higher,” Pimentel reports. “Technology’s big guns [were] led by Apple Inc. (AAPL: 179.40, +8.15, +4.8%).”

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