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February 16, 2018

Stocks gain for 5th day

NEW YORK (AP) — Technology companies climbed Thursday as stocks rose for the fifth day in a row. They have now recovered about half their losses during the market's dramatic plunge earlier this month.

Tech bellwether Cisco Systems jumped after it posted strong quarterly results and announced a big stock repurchase, while Apple rose after an analyst said sales of the iPhone X in China are improving. Most other parts of the market climbed as well, with notable gains for industrial companies and household goods makers. Energy companies continued to struggle.


 
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