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November 5, 2020

Tech leads rally on Wall Street

By By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Technology and health care companies led a stock market rally Wednesday, as Wall Street embraced the upside of more gridlock in Washington.

The S&P 500 rose 2.2% for its best day in five months. The benchmark index had been up 3.5% before the market lost some of its momentum toward the end of the day. That pullback wiped out more than 450 points from the Dow Jones Industrial Average, though the blue-chip index still closed more than 360 points higher.


 
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