Surges for US tech giants lead stocks higher on Wall Street
NEW YORK (AP) — Facebook, Apple and Amazon surged in early trading Friday after reporting blowout results the night before, leading major indexes higher on Wall Street. The S&P 500 rose 0.3% in the early going, but the technology-heavy Nasdaq rose far more, 0.8%. Both are headed for solid weekly gains after another bumpy week of trading. Google parent Alphabet lagged behind. Even as tech giants mostly reap huge rewards from the stay-at-home economy during the coronavirus pandemic, there is plenty for investors to worry about, including a logjam in Congress that is holding up additional relief for millions of jobless Americans.
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