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Stocks Regain Surer Footing in a Choppy Session: Markets Wrap

  • Netflix gains on earnings, helps spur rally in streaming peers
  • EU wants to ration gas to prepare for day Russia cuts it off
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WATCH: Mohammed Apabhai of Citi explains why he thinks the S&P 500 might fall to around 3,218, and why he sees further dollar strength.Source: Bloomberg
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US stocks rose in a volatile session as investors parsed the latest corporate news and the potential for geopolitical risks in Europe. The dollar gained, while the euro fell as Italy’s government looked set to collapse. 

The S&P 500 posted its first back-to-back gain in almost two weeks, with advances in tech and consumer discretionary stocks offsetting declines in defensive sectors, utilities and health care. While tech stocks briefly pared their advance after Google said it will pause hiring for two weeks, gains in Netflix Inc. on better-than-feared earnings underpinned rallies in streaming peers as well as confidence in consumers’ resilience.