US STOCKS-Wall St gains as social media, Internet stocks rebound

martes 8 de abril de 2014 12:00 GYT
 

* Amazon.com, Yahoo shares up 3 pct on Internet rebound

* Earnings get under way; Alcoa to report after bell

* Indexes up: Dow 0.3 pct, S&P 0.4 pct, Nasdaq 1 pct (Updates to late morning trade)

By Angela Moon

NEW YORK, April 8 (Reuters) - U.S. 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 Amazon.com Inc up 2.3 percent at $324.99, Yahoo! Inc up 3 percent at $34.05, and LinkedIn Corp rose 4.5 percent to $166.78.

The Global X social media index rose 3.1 percent to 18.64.

Biotechnology stocks also reversed earlier losses, with the Nasdaq biotechnology index up 0.2 percent at 2,372.38. But Gilead Sciences Inc was among the biggest decliners on the S&P 500, down 2.2 percent at $70.64.

The day's gains follow the S&P 500's biggest three-day retreat since late January and the Nasdaq's steepest three-day drop since November 2011.   Continuación...