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April 21, 2021, 4:11 p.m. EDT

U.S. stock market snaps 2-day skid and Dow regains perch at 34,000 as investors buy the dip

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By Mark Decambre

The main equity benchmarks in the U.S. rebounded Wednesday, halting two straight days of declines as investors dipped their toes into a market that had lost its mojo on the back of fears of a resurgence of COVID in parts of the world. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.29% finished up over 300 points, or 0.9%, to around 34,138, the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.22% closed up 0.9% at 4,173, while the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.72% finished up 1.2% to reach 13,950. The gains were even more pronounced for small-capitalization stocks which have been beaten up over the course of the past several sessions. The Russell 2000 /zigman2/quotes/210598147/delayed RUT +1.68% closed up by over 2%. All closing levels are on a preliminary basis. The gains for stocks came as a rise in bonds in the U.S. has paused, with the 10-year Treasury note yield hanging around 1.56%. In corporate news, media giant Netflix /zigman2/quotes/202353025/composite NFLX +0.35% closed down 7.4%, after it reported subscriber growth for the first quarter was weaker than expected. However, the declines in Netflix were outweighed by gains in other parts of the popular technology sector, with a rise in shares of Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN +0.30% , Apple Inc. /zigman2/quotes/202934861/composite AAPL +1.79% and Microsoft Corp. /zigman2/quotes/207732364/composite MSFT +1.69% finished higher on the day.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,021.45
+433.79 +1.29%
Volume: 352.81M
May 13, 2021 5:03p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,112.50
+49.46 +1.22%
Volume: 2.16B
May 13, 2021 5:03p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
13,124.99
+93.31 +0.72%
Volume: 4.18M
May 13, 2021 5:16p
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/zigman2/quotes/210598147/delayed
US : US Composite
2,170.95
+35.81 +1.68%
Volume: 1.88M
May 13, 2021 7:52p
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/zigman2/quotes/202353025/composite
US : U.S.: Nasdaq
$ 486.66
+1.68 +0.35%
Volume: 2.72M
May 13, 2021 4:00p
P/E Ratio
58.92
Dividend Yield
N/A
Market Cap
$215.04 billion
Rev. per Employee
$2.66M
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/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,161.47
+9.53 +0.30%
Volume: 3.36M
May 13, 2021 4:00p
P/E Ratio
60.16
Dividend Yield
N/A
Market Cap
$1589.60 billion
Rev. per Employee
$297,430
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 124.97
+2.20 +1.79%
Volume: 105.86M
May 13, 2021 4:00p
P/E Ratio
28.04
Dividend Yield
0.70%
Market Cap
$2048.74 billion
Rev. per Employee
$1.86M
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/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 243.03
+4.03 +1.69%
Volume: 29.62M
May 13, 2021 4:00p
P/E Ratio
33.07
Dividend Yield
0.92%
Market Cap
$1800.05 billion
Rev. per Employee
$877,393
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