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Nasdaq rebounds 3.69% as dip in bond yields sparks tech rally

Nasdaq rebounds 3.69% as dip in bond yields sparks tech rally

Business
March 9 (UPI) -- The Nasdaq Composite bounced back from earlier losses on Tuesday as a decline in bond yields led to a surge in tech stocks. The tech-heavy Nasdaq closed the day up 3.69% for its best day since November, while the S&P 500 gained 1.42% after both indexes reported losses to start off the week. The Dow Jones Industrial Average closed the day on session lows, rising 30.30 points or 0.095%, after rising more than 300 points for an intraday record at its high. Advertisement The 10-year Treasury note yield fell about 5 basis points to 1.53% after settling around 1.6% on Monday. Tesla stock led the rise, gaining 19.64%, while Facebook increased 4.09%, Apple climbed 4.06%, Amazon grew 3.76%, Microsoft added 2.81% and Netflix ended the day up 2.66%. "After lagging badly for the...