There was an easing of fears surrounding the GameStop trading frenzy. Investors were encouraged by economic data. And heavyweight US tech stocks rose. Shares in Microsoft rose 2.6% and Netflix rose 2.9%. Shares in Apple lost 3.5% in response to quarterly earnings. At the close the Dow Jones index was up by 300 points or 1.0% after earlier being up 648 points. The S&P 500 index was up by 1.0% and the Nasdaq index was higher by 67 points or 0.5%.
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