• US markets turned higher overnight as broad gains in major tech names served as a counterweight to disappointing unemployment data. The Dow Jones Industrial Average rose, adding 47 points, or +0.2%, to 27740. The tech-heavy Nasdaq Composite rose 1.1%. The S&P 500 rose out of the red to close up +0.3%. Apple, Facebook, Netflix, Alphabet and Microsoft all rose at least 2%. Amazon climbed 1.1%. Intel shares gained 1.7% after the company announced an accelerated buyback plan, calling its stock cheap. Tesla jumped 6.5% to close above $2,000 for the first time ever. The S&P 500's tech and communications sectors have risen more than 60% and 40%, respectively, from the lows of March, helping to drive the broad index to record highs.
