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VOL. 46 | NO. 19 | Friday, May 13, 2022
Markets shake off doldrums as traders get back to buying
NEW YORK (AP) — Stocks rose steadily throughout the day and ended with broad gains as traders got back to buying again after a mostly miserable few weeks on Wall Street.
Tech giants like Apple and Microsoft were among the biggest winners, and video game maker Take-Two Interactive jumped after forecasting better results than analysts were expecting.
Paramount soared after Warren Buffett's Berkshire Hathaway disclosed a new stake in the media company.
The S&P 500 rose 2% and the tech-heavy Nasdaq added 2.8%. Small-company stocks rose more than the rest of the market, a signal investors are feeling bullish on the economy. Treasury yields rose.