Tech Stocks Lead Market Rebound as Apple Jumps on Upgrade, Boeing Gets Big Order, Chipmakers Surge
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The Nasdaq composite jumped more than 1% as the tech sector led a rebound in the stock market Thursday.
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Apple (AAPL) jumped more than 3% after rising from support at its 200-day moving average. BofA Securities upgraded the stock to buy from neutral.
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Boeing (BA) rose 3.7% after it announced that India-based Akasa Air ordered 150 of its 737 Max jetliners.
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Taiwan Semiconductor Manufacturing (TSM) gapped past the 105.52 buy point of a cup-with-handle base in huge volume.
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Elastic (ESTC) is trying to break out past a 118.24 buy point from a flat base. The company's Elasticsearch helps collect and analyze data for AI.