NEW YORK | Stocks rebound; technology rally leads Nasdaq to record high
NEW YORK — Technology companies soared Thursday as major U.S. stock indexes recovered the ground they lost a day earlier. The Nasdaq composite closed at another all-time high.
Big names like Apple and Microsoft and chipmakers including Intel all made big gains as investors remain optimistic about the technology sector even though much of the market has been shaken by escalating tensions between the U.S. and its trading partners, especially China.
Banks will begin reporting their second-quarter results Friday morning.