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Stocks Finish Higher on Technology, Media Gains: Markets Wrap

Sarah Ponczek, Janine Wolf
Stocks Finish Higher on Technology, Media Gains: Markets Wrap

U.S. stocks closed higher on gains by big technology and media companies, outweighing laggard financial and industrial shares. Comcast Corp. and Walt Disney Co. were among the big gainers in the S&P 500 Index Thursday as bidding for 21st Century Fox Inc.’s entertainment assets heated up. Facebook Inc., Amazon.com Inc. and other tech giants also climbed, sending the Nasdaq Composite Index to a record high.