Stocks pop as tech leads the way

Stocks up more than 1% as tech leads the rebound. Plus – Zuckerberg grilled on the hill tomorrow – we preview what to expect on the Facebook CEO’s big day. And – are Trump’s swipes at Amazon really an attack on the First Amendment? We explain. Plus – the ratings from Sunday’s Masters finale are in, and the Tiger effect, is real. Catch The Final Round at 3:55 ET p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland, and Yahoo Finance Editor-in-Chief Andy Serwer.

Winners and losers

Stocks in the red include MGIC after it cut mortgage insurance prices for borrowers, Acadia Pharmaceutical as a report from CNN highlighted severe side effects stemming form its Parkinson’s disease treatment, and Yandex – shares of the Russian search engine and aspiring ride-share service down, along with other Russian stocks, on worries about new U.S. sanctions.

Stocks in the green include GM as Morgan Stanley analyst Adam Jonas upgraded GM to ‘overweight’, citing optimism from the company’s pickup offerings. Avexis as the biotech name will be bought out by drugmaker Novartis, and Apple – shares getting a boost on a positive RBC note that highlights heightened cost controls at supply chain partners, and predicts 3 new iphones next year, a large LCD model and two OLED phones.

 

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