SINGAPORE (Nov 5): US stocks rallied for a second day on Oct 31, concluding a largely disappointing month on an upbeat note. The Standard & Poor’s 500 index capped its biggest two-day surge since February, paring its biggest monthly decline since 2011 to 7%. Big-tech shares that bore the brunt of the October rout led the Oct 31 rebound, with Netflix and eBay surging more than 5%. The clutch of “FANG” stocks also rallied after Facebook’s earnings beat expectations.

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