Tech Rally puts Nasdaq on cusp of exiting bear market

The Nasdaq Composite is on the cusp of exiting a bear market, rebounding nearly 20% from its Christmas Eve low and highlighting the resilience of the technology shares that have long powered the market higher.

The index heavily weights shares of technology firms like Apple Inc, Amazon.com Inc., Google Parent Alphabet Inc. and Facebook Inc., which cumulatively lost hundreds of billions of dollars in market value in the final months of 2018. The rout, many said, was fueled by dimming confidence in the domestic and global economies, then likely exacerbated by machine -run trading that accelerated the declines.

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