Technology Spurs Stock Rebound; Treasuries Decline: Markets Wrap
- Oil surges; yen falls as risk appetite returns to markets
- Fed in focus; Italy’s bonds jump after deficit comment
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Beaten-down tech shares led the strongest session for U.S. stocks in two weeks, extending the run of turbulence that has made this month one of the wildest of the past five years.
The S&P 500 roared back from the worst week in a month as investors speculated a strong start to the holiday season will keep economic growth on track. Amazon.com and L Brands led gains among retailers, while Microsoft was among the tech leaders.