Wall Street Rallies 1 Percent on Upbeat Earnings, Tech Strength

Wall Street Rallies 1 Percent on Upbeat Earnings, Tech Strength
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Oct. 13, 2021. Brendan McDermid/Reuters
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Wall Street’s main indexes rallied on Thursday as a surge in technology stocks and strong quarterly results helped investors to look away from inflation concerns.

The biggest boost came from growth names including Facebook Inc., Microsoft Corp., Amazon.com Inc., Tesla Inc., Apple Inc., and Google-parent Alphabet, which rose more than 1 percent.