Stocks rallied in the afternoon session following a tech-driven sell-off. Technology stocks and Bitcoin rebounded, boosting investor sentiment. U.S. consumer sentiment improved, and AI-related capital expenditure benefited chipmakers like Nvidia and Broadcom. The Dow Jones Industrial Average crossed the historic 50,000 threshold for the first time. Hayward’s shares rose after reporting strong third-quarter results and raising full-year guidance, up 6% year-to-date. Investors who bought $1,000 worth of Hayward’s shares at the IPO in March 2021 would now have an investment worth $983.24.

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