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Stock Market Sees Surge Following Two-Day Slump

Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange on October 11, 2018 in New York City. (Credit: Drew Angerer/Getty Images)

Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange on October 11, 2018 in New York City. (Credit: Drew Angerer/Getty Images)

Stocks are opening sharply higher on Wall Street following a two-day rout that shattered a long period of calm on the market.

Big technology and consumer-focused companies, which took some of the worst losses earlier this week, were solidly higher in early trading Friday.

Amazon jumped 3.8 percent and Apple clawed back 2.9 percent.

Citigroup jumped 2.5 percent after reporting higher earnings.

Asian and European markets were also higher.

The S&P 500 index rose 41 points, or 1.5 percent, to 2,770. The index is still headed for its worst week since March.

The Dow Jones Industrial Average rose 383 points, or 1.5 percent, to 25,433. The Nasdaq composite jumped 163 points, or 2.2 percent, to 7,491.

Bond prices fell. The yield on the 10-year Treasury rose to 3.16 percent.