U.S. stocks move higher with help from Big Tech companies

Technology stocks were pushing the broader market solidly higher on Thursday, as investors welcomed another reprieve from the volatility in the bond market that has dominated the conversation on Wall Street for the last several weeks.

The S&P 500 index rose 1.2% as of 10:55 a.m. Eastern. The Dow Jones Industrial Average rose 1% and the technology-heavy Nasdaq Composite was up 2.1%.

Big Tech stocks, which have been hurt this year by rising bond rates, were among the biggest gainers. Apple was up 1.5%, Microsoft rose 1.7% and Google’s parent company Alphabet was up more than 2%.

The recent return of stability to the bond market has been reassuring

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