Saturday, May 23, 2015Saturday, May 23, 2015

Wall St gains as social media, Internet stocks rebound

Published on Apr 9, 2014 12:26 AM

NEW YORK (REUTERS) - US stocks rose on Tuesday, rebounding after three days of declines, as investors bought beaten-down shares of social media and Internet companies.

The day's biggest gainers included Inc up 2.3 per cent at US$324.99 (S$407.20), Yahoo! Inc up 3 per cent at US$34.05, and LinkedIn Corp rose 4.5 per cent to US$166.78.

The Global X social media index rose 3.1 per cent to 18.64.

Biotechnology stocks also reversed earlier losses, with the Nasdaq biotechnology index up 0.2 per cent at 2,372.38.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!