How did large tech companies like Apple and Facebook perform recently?

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Large Technology Companies Saw Significant Gains

Large technology companies, including Apple and Facebook, experienced substantial increases in their share value recently, marking a positive conclusion to the first quarter. This rally helped to reverse previous declines observed in the tech sector.
Tech Shares Reversed Recent Weakness

Following a period where investors shifted capital towards sectors anticipated to benefit from a post-coronavirus economic recovery, such as airlines and oil companies, technology stocks experienced a rebound. This shift had previously led to weakness in the tech sector.
Nasdaq Composite Index Surged

The tech-heavy Nasdaq Composite Index reflected this positive movement, jumping 1.5 per cent to close at 13,246.87. This performance contributed to the overall strong finish for the first quarter of the year.
Investor Sentiment Shifted

The recent rally in tech shares suggests a renewed investor interest after a period of reallocation. This comes as markets began to digest early details of US President Joe Biden's infrastructure plan, influencing broader market movements.

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How did large tech companies like Apple and Facebook perform recently?

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