>> Wall Street staging an early recovery Thursday, one day after steep losses erased all of this year's gains for the Dow and S&P 500. And the Nasdaq suffered its biggest one-day plunge in seven years. Thursday's rebound being led by encouraging quarterly results from the tech sector. Twitter easily beat profit and sales forecasts, thanks to a 29% jump in advertising revenue, the growth in online ad sales.
No easy feat, as Twitter's user numbers continue to drop largely because of a purge of accounts suspected of abuse, spreading disinformation or hate speech. A surge in Twitter shares sparking a rally in social media stocks like Facebook. Microsoft added to the positive glow in the tech sector. The software giant's stock rising after quarterly results topped forecasts as well, thanks to the growing strength in its cloud business.
But not all tech stocks are on the mend. Chipmaker Advanced Micro Devices slumping after a weak fourth-quarter outlook. Investors now await quarterly results from key tech names like Google parent Alphabet and Amazon, which come after the closing bell.