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NEW YORK (Reuters) - The U.S. benchmark S&P 500 stock index snapped a six-day losing streak on Friday as technology stocks recovered after a week of losses, with investors looking for bargains ahead of the third quarter earnings reporting season. Even the hard-hit S&P500 energy and financial sectors managed to close the session with slight gains after a late afternoon rally. The S&P technology index .SPLRCT gained 3.2 percent on the day, showing its strongest one-day gain since March 26, although it still registered its biggest weekly drop since March 23.

“People are starting to buy in, thinking the higher flying growth stocks were oversold, They wanted to get in before next week when earnings start coming,” said Janna personalized cufflinks black Sampson, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois, But until the U.S, and China reach a trade deal, the rebound in the stockmarket could be vulnerable as investors are anxious about the impact of tariffs on corporate profits, “If earnings come out good I think this rally is sustainable if we don’t get negative trade news, Trade news is the wild card, That’s the big if,” said Sampson..

The Dow Jones Industrial Average .DJI rose 287.16 points, or 1.15 percent, to 25,339.99, the S&P 500 .SPX gained 38.76 points, or 1.42 percent, to 2,767.13 and the Nasdaq Composite .IXIC added 167.83 points, or 2.29 percent, to 7,496.89. The technology sector’s biggest boosts were Apple (AAPL.O), and Microsoft (MSFT.O) which rose more than 3.0 percent. Visa (V.N) and Mastercard (MA.N) both climbed almost 5.0 percent, boosted by strong credit card sales included in bank earnings reports, according to Oakbook’s Sampson.

The S&P500’s financial sector ended the day up 0.1 percent and the S&P 500 banks subsector .SPXBK closed down 0.4 percent, well above its session low, The biggest drag on the subsector was JPMorgan Chase & Co (JPM.N), which closed down 1.0 percent despite reporting a quarterly profit that beat expectations, PNC Financial (PNC.N) led the percentage losers among bank stocks, with a 5.6 percent drop after the regional bank reported disappointing quarterly loan growth and said it expected only a small improvement in lending personalized cufflinks black this quarter..

The three gainers among banks included Citigroup (C.N), which rose 2.0 percent, and Wells Fargo (WFC.N), which eked out a 1.3 percent gain after upbeat results. Netflix (NFLX.O) and Amazon (AMZN.O), some of the names that took a big hits in the week’s selloff, rose 5.7 percent and 4.0 percent respectively. The bank results launch a quarterly reporting season that will give the clearest picture yet of the impact on profits from President Donald Trump’s trade war with China. Earnings at S&P 500 companies are estimated to have risen 21.5 percent in the third quarter, according to I/B/E/S data from Refinitiv, a slowdown from the previous two quarters.

Energy stocks .SPNY ended the day up 0.3 percent as oil prices steadied to settle up slightly after a volatile session dropped on a weakening oil demand outlook, [O/R], The consumer discretionary .SPLRCD and communication services .SPLRCL sectors, both rose more than 2.0 percent, Advancing issues outnumbered declining ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.51-to-1 ratio favored advancers, The S&P 500 index posted no new 52-week highs and 52 new lows; personalized cufflinks black the Nasdaq Composite recorded 10 new highs and 234 new lows..

(Reuters) - Cyber attackers stole data from 29 million Facebook accounts using an automated program that moved from one friend to the next, Facebook Inc (FB.O) announced on Friday, as the social media company said its largest-ever data theft hit fewer than the 50 million profiles it initially reported. The company said it would message affected users over the coming days to tell them what type of information had been accessed in the attack. The breach has left users more vulnerable to targeted phishing attacks and could deepen unease about posting to a service whose privacy, moderation and security practices have been called into question by a series of scandals, cybersecurity experts and financial analysts said.

The attackers took profile details such as birth dates, employers, education history, religious preference, types of devices used, pages followed and recent searches and location check-ins from 14 million users, For the other 15 personalized cufflinks black million users, the breach was restricted to name and contact details, In addition, attackers could see the posts and lists of friends and groups of about 400,000 users, Lawmakers and investors have grown more concerned that Facebook is not doing enough to safeguard data..



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