Wall Street rebounds, but investors dump Facebook

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) – Stocks rose more than 1 percent on Monday, with the S&P 500 snapping a six-day losing streak in a rebound from equities’ biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut. Tech shares were among the day’s biggest gainers, with an S&P sector index surging 2.8 percent on the strength of Apple Inc . Shares of Apple climbed 5.8 percent to $ 561.28, leading the Nasdaq to its biggest one-day percentage gain since December 2011. …



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