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NEW YORK (AP) — The latest on developments in financial markets (all times local):
4:05 p.m.
Stocks are finishing with gains as Facebook leads a big rally for technology companies.
The social media platform jumped 9.1 percent Thursday after saying a recent data privacy scandal didn't hurt its business in the first quarter. Google parent Alphabet rose 2 percent and Twitter rose 1.7 percent.
Retailers also made big gains. Chipotle soared 24.4 percent after its first-quarter report and Amazon gained 4 percent.
The S&P 500 index rose 27 points, or 1 percent, to 2,666.
The Dow Jones industrial average gained 238 points, or 1 percent, to 24,322. The Nasdaq added 114 points, or 1.6 percent, to 7,118.
Bond prices rose. The yield on the 10-year Treasury note slipped to 2.98 percent after several days of gains.
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11:40 a.m.
Stocks are trading higher Thursday as Facebook leads a big rally for technology companies.
The social media platform jumped nearly 9 percent after saying a recent data privacy scandal hadn't hurt its business. Twitter rose 5.6 percent and Google parent Alphabet rose 1.6 percent.
Chipotle soared 24 percent after its first-quarter report. It also announced plans to redesign its restaurants and expand delivery service.
Ford gained 2 percent after it said it will shed most of its North American car lineup to save money.
The S&P 500 index rose 18 points, or 0.6 percent, to 2,656.
The Dow Jones industrial average rose 151 points, or 0.6 percent, to 24,235. The Nasdaq rose 96 points, or 1.4 percent, to 7,100.
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9:35 a.m.
Stocks are opening higher, extending a rally from the previous afternoon, after several companies reported strong first-quarter results.
Chipotle soared 15 percent after its report. It also announced plans to redesign its restaurants and expand delivery service.
Facebook jumped 8.4 percent as the social media company's data privacy scandal didn't appear to have a major effect on its business.
Ford gained 3.4 percent after it said it will shed most of its North American car lineup to save money.
The S&P 500 index rose 11 points, or 0.4 percent, to 2,651.
The Dow Jones industrial average rose 70 points, or 0.3 percent, to 24,152. The Nasdaq rose 75 points, or 1.1 percent, to 7,081.
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