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U.S. Stocks Rise on Reopening Rotation; Gold Drops: Markets Wrap

(Bloomberg) — U.S. stocks churned higher as investors piled into companies that will benefit most from a return to normal economic activity. Tech shares lagged behind, while gold slumped.The S&P 500 Index rose in afternoon trading, adding to gains on news that Joe Biden will nominate former Federal Reserve Chair Janet Yellen to be Treasury Secretary. Yellen said recently the recovery will be uneven and lackluster if…

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