Microsoft, Apple and other techs roar back as Wall Street rebounds

Published by
Reuters

By Noel Randewich and Shreyashi Sanyal (Reuters) – Wall Street surged on Tuesday, as Microsoft and Apple spearheaded a rebound in growth stocks and investors awaited monthly payrolls data later in the week that could influence the Fed’s decision on when to scale back massive monetary stimulus. Apple, Microsoft, Amazon and Alphabet, Wall Street’s most valuable companies, each jumped more than 2% following a selloff in growth stocks the day before. Facebook Inc rose 2.2% the day after it took a beating when its app and its photo-sharing platform Instagram went offline for hours before being rest…

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