Technology Stocks Lead Rally as S&P 500 Wipes Out Loss for Year

Updated on
  • More than $80 billion added to Microsoft, Google, Amazon value
  • Equities also boosted as China moves to cushion slowdown

Amazon's Cloud Unit Helps Deliver Surprise Profit

A rally in technology stocks helped the Standard & Poor’s 500 Index wipe out losses for the year as Microsoft Corp., Google parent Alphabet Inc. and Inc. added more than $80 billion in combined market value on strong quarterly earnings.

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