S&P 500 Rallies Fourth Day to Record, Erasing Loss From Selloff
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Benchmark equity indexes closed at records as a surge in technology shares helped U.S. stocks recover from a seven-day selloff in early December.
Facebook Inc. and Intel Corp. rose more than 1.9 percent to pace gains among technology shares. The Dow Jones Internet Index advanced 1.1 percent as Twitter Inc. and Amazon.com Inc. climbed at least 2.2 percent. The Nasdaq Biotechnology Index slumped 2.4 percent as Gilead Sciences Inc. sank 14 percent. Chevron Corp. lost 0.8 percent as energy companies slid.