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Growth stocks lift Nasdaq 3% as Treasury yields ease; Dow surges 700 pts

Twitter jumps on news Musk to resume buyout at $54.2/share; Tesla rebounds after worst selloff in 4 mths; US job openings post biggest drop in 2.5 yrs in Aug

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City (Photo: Reuters)

Reuters
The Nasdaq led Wall Street higher on Tuesday, powered by megacap growth and technology stocks as U.S. Treasury yields dipped, while Twitter Inc jumped on reports Elon Musk is proposing to go ahead with his original offer for the social media firm.

If gains hold, the Nasdaq Composite index is set to notch its best single-day performance since July 27.

Data showed U.S. job openings, a measure of labor demand, fell by the most in nearly 2-1/2 years in August.

Lifting rate-sensitive tech and tech-adjacent stocks, the yields on the 10-year U.S. Treasury fell for a second day after the jobs data and

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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