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Monday, December 23, 2024 | 05:44 PM ISTEN Hindi

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Wall Street snaps 2-day slump amid rally in tech shares, oil prices

Stocks have rebounded sharply since late March from the coronavirus-fueled sell-off, helped by massive monetary and fiscal stimulus

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Shares of Berkshire itself fell 2.6 per cent and weighed on the S&P 500 after the conglomerate posted a record quarterly net loss of nearly $50 billion

Agencies New York
US stocks ended higher on Monday as increases in large tech and internet companies and oil price gains outweighed concerns about the latest US-China tensions and downbeat sentiment from the annual meeting of Warren Buffett's Berkshire Hathaway.

Major US indexes opened lower but moved higher throughout the afternoon to snap two-day losing streaks.

Stocks have rebounded sharply since late March from the coronavirus-fueled sell-off, helped by massive monetary and fiscal stimulus. Investors are now watching efforts by a number of states trying to spark their economies by easing restrictions put in place to fight the outbreak.

On Monday, New York

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