Facebook ignites tech sector rally, leading stock market higher

[oberliner]

U.S. stocks closed sharply higher on Thursday, with major indexes up 1% as strong results from a number of bellwethers, including technology behemoth Facebook, jolted equities in to a broad advance.

What are markets doing?
The Dow Jones Industrial Average DJIA, +0.99% rose 238.51 points, or 1%, to 24,322.34, with 25 of the Dow’s 30 components higher.

The S&P 500 SPX, +1.04% added 27.54 points, or 1%, to 2,666.94. The Nasdaq Composite Index COMP, +1.64% surged 114.94 points, or 1.6%, to 7,118.68.

Nine of the 11 primary sectors of the S&P 500 finished higher. Technology was the biggest gainer, up 2.3% on the back of major earnings, while telecommunications sank 3.2% on results from AT&T Inc. that prompted a selloff in the telecommunication giant.

https://www.marketwatch.com/story/facebook-rally-sets-us-tech-stocks-up-for-upbeat-trading-day-2018-04-26