Most U.S. stocks rose after banks rallied from a two-year low in the final hour of trading, overcoming a slump in technology shares led by Cisco Systems Inc.
More than three stocks gained for every two that fell on the New York Stock Exchange as the biggest drop in technology shares since February pushed down the three benchmark indexes. The Nasdaq Composite Index decreased 52.76, or 1.9 percent, to 2,696 as Cisco slid 9.5 percent. The Standard & Poor’s 500 Index lost 0.85 to 1,474.77. The Dow Jones Industrial Average slipped 33.73, or 0.3 percent, to 13,266.29. [MORE]
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