Stocks trim gains as tech shares slide, Dow still up 200 points [MSNBC.com]
Meta Platforms, Inc. - Class A (FB)
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Source: MSNBC.com
VIDEO7:1807:18Strategist explains different approaches investors are taking during the crisisSquawk BoxStocks rose on Tuesday as investors continued to be optimistic about the prospect of states re-opening the U.S. economy.The Dow Jones Industrial Average traded 245 points higher, or 1%, putting it on pace for its first five-day winning streak since January. The S&P 500 climbed 0.9% while the Nasdaq Composite advanced 0.3%.Shares of 3M led the Dow higher with a 4.9% jump after the company posted better-than-expected earnings. Financials and industrials led the way higher for the S&P 500, with each trading more than 2% higher.Tuesday's gains were kept in check, however, as shares of the so-called FANG companies declined. Facebook and Google-parent Alphabet traded lower by 0.2% and 0.6%, respectively. Amazon fell 1.2% while Netflix slid 3.1%.A partial reopening of the economy — in Alaska, Georgia, South Carolina, Tennessee, Texas, and others — boosted investor sentiment, with certain U.
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