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Stocks climb after three days of losses, led by Big Tech

By Associated Press
Published: May 13, 2021, 1:58pm
4 Photos
A currency trader talks on the phone at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, May 13, 2021. Asian stock markets followed Wall Street lower for a second day Thursday after unexpectedly strong U.S. consumer price rises fueled worries inflation might drag on an economic recovery.
A currency trader talks on the phone at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, May 13, 2021. Asian stock markets followed Wall Street lower for a second day Thursday after unexpectedly strong U.S. consumer price rises fueled worries inflation might drag on an economic recovery. (AP Photo/Ahn Young-joon) Photo Gallery

Wall Street followed up a three-day losing streak with a broad stock market rally Thursday powered by Big Tech companies and banks.

The S&P 500 notched a 1.2% gain, clawing back almost half of its loss from a day earlier, when it had its biggest one-day drop since February. Even so, the benchmark index is on track for a 2.8%

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