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US stocks are getting their groove back, with all three major equities indices ending the day in positive territory on the back of a continuing rebound in the tech sector.
The S&P 500 ended the day up 0.3 per cent to 2,637, with industrials, basic materials and tech sectors leading the benchmark index. The energy sector was also back in positive territory, with stocks catching a ride on the coattails of rising oil prices.
The Dow Jones Industrial Average added 0.29 per cent to 24,211, while the tech-heavy Nasdaq Composite picked up 0.55 per cent to 6,813.
Tech stocks started the week on the back foot, amid questions about what they stood to benefit by efforts to overhaul the US tax code. As the week progressed, however, they have sprung back, as the Senate and US House of Representatives haggle over what measures to include in the final version of the legislation.
Gold ended the day down 1.3 per cent to $1,247, while oil picked up more than 1 per cent. The dollar also advanced, with the dollar index — measuring the buck against a basket of peers — up 0.17 per cent to 93.772. Yield on the 10-year US Treasury note inched higher to 2.3599 per cent.