Morning Report 2 Feb 21: US stocks recover from last weeks slump

US sharemarkets rebounded on Monday. Shares of big technology heavyweights Amazon (+4.3%) and Alphabet (+3.6%), which are set to report earnings Tuesday, both rose. Microsoft shares rose 3.3%. Redditor favourite AMC Entertainment (+0.3%) edged higher, while GameStop shares tumbled 30.8% as brokerages removed some trading restrictions. Tesla shares jumped 5.8% after an analyst more than doubled his price target on the electric-car maker. Silver miners Hecla Mining (+28.3%), Coeur Mining (+23.1%) and Wheaton Precious Metals (+5.4%) surged as silver broke above US$30 an ounce for the first time since 2013. The Dow Jones index closed up by 229 points or 0.8% after being 353 points higher earlier in the session. The S&P 500 index was up 1.6% and the Nasdaq index climbed 333 points or 2.6%.      

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