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Wall Street rebounds with help from auto, tech stocks

Updated : October 29, 2018 08:09 PM IST

Carmaker Ford Motor Co rose 6.2 percent, while General Motors Co gained 4.5 percent after Bloomberg reported China was planning to cut the tax levied on car purchases by half.
All of the 11 major S&P sectors were in positive territory with technology up 1.9 percent, gaining the most, followed by the communication services sector, which rose about 2 percent.
Wall Street rebounds with help from auto, tech stocks

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