Facebook says steps are just start in eliminating bad actors

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U.S. stocks close higher as tech leads modest rebound; GE posts best day in three years

U.S. stocks closed modestly higher on Tuesday, in a partial rebound from the previous session’s sharp decline, with technology stocks among the biggest gainers of the day. The Dow Jones Industrial Average rose 0.1% to 24,281. The blue-chip average closed slightly under its 200-day moving average, which it closed beneath on Monday for the first time in two years. Investors are closely watching the level, which is used as a gauge of long-term momentum. The S&P 500 gained 0.2% to 2,723. The Nasdaq Composite Index rose 0.4% to 7,562. Among notable movers on the day, Apple Inc. rose 1.2% while Facebook Inc. added 1.4%. Elsewhere, General Electric Co. spiked 7.8% in its biggest one-day percentage gain since April 2015 after it said it plans to spin off its health-care business and unload its ownership in oil-services company Baker Hughes .

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