Let the World Know
U.S. stocks bounced Thursday as traders bought technology and consumer discretionary stocks, looking past a series of troubling data on the current economy. For the second straight session, stocks were rallying late in the afternoon. In each day's trading, money managers said some of the more cyclical stocks were finding the largest number of buyers, partly on the expectation that while earnings reports have so far been less than rosy, a trough appears possible in 2009. For technology companies, the gains were partly led by Google, up 3.3%. The company posts results after the close. Yahoo, meanwhile, tacked on 2.9%.
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