Wall Street Rallies on China Stimulus Ahead of Tech Earnings

April 21, 2015 2:06 AM

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Wall Street Rallies on China Stimulus Ahead of Tech Earnings

Wall Street rose on Monday, reversing much of the previous session's sharp decline, as China's steps to stimulate its slowing economy and cautious optimism about U.S. earnings lured investors into technology stocks.

In the second industry-wide cut in two months, China's central bank on Sunday reduced the amount of cash that banks must hold as reserves in a move to help spur lending and combat slowing growth.

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