Stocks Finish Higher as Facebook Leads Tech Rally

Dow ends day up 238
By Newser Editors and Wire Services
Posted Apr 26, 2018 3:04 PM CDT
Trader Fred DeMarco works on the floor of the New York Stock Exchange, Wednesday, April 25, 2018.   (AP Photo/Richard Drew)

(Newser) – Stocks are finishing with gains as Facebook leads a big rally for technology companies, the AP reports. The social media platform jumped 9.1% Thursday after saying a recent data privacy scandal didn't hurt its business in the first quarter. Google parent Alphabet rose 2% and Twitter rose 1.7%. Retailers also made big gains. Chipotle soared 24.4% after its first-quarter report and Amazon gained 4%. The S&P 500 index rose 27 points, or 1%, to 2,666. The Dow Jones industrial average gained 238 points, or 1%, to 24,322. The Nasdaq added 114 points, or 1.6%, to 7,118. Bond prices rose. The yield on the 10-year Treasury note slipped to 2.98% after several days of gains.

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