Tech leads US stock bounce, as jobs data and ECB rate cut adds to optimism US stocks rallied, helped by strong earnings from the technology sector and an upbeat reading on the US jobs market. A rate cut by the European Central Bank also contributed to the positive tone in stocks. The Dow Jones Industrial Average advanced 130.63 points, or 0.9 per cent, to 14831.58. The bounce wiped away nearly all of the Dow's 139-point slide on Wednesday, its biggest drop since April 15.