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May 22, 2019

Tech rebound powers market

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Technology companies helped power stocks broadly higher on Wall Street Tuesday, snapping the market's two-day losing streak.

The rally followed the U.S. government's decision to temporarily ease off proposed restrictions on technology sales to Chinese companies. The news gave a boost to technology sector stocks, which took steep losses a day earlier when the Trump administration announced curbs on technology sales, aimed primarily at Chinese telecom gear maker Huawei.


 
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