Wall Street ends higher

Dhaka,  Thu,  24 August 2017
Published : 14 Jun 2017, 10:31:27

Wall Street ends higher

Wall Street ends higher
Wall Street gained on Tuesday, as technology stocks bounced back and investors positioned for an expected Federal Reserve interest rate hike.

The S&P 500, Dow industrials and Russell 2000 setting record closing highs.

The S&P 500 technology sector rose 0.9 per cent, recovering from its biggest two-day decline in nearly a year that also weighed on the broader market. 

Big tech names, such as Microsoft and Facebook, pushed the S&P 500 higher.

Tech has led the benchmark S&P 500's 9-per cent rally this year, and its recent swoon has sparked speculation that investors may be rotating into other swaths of the market that have lagged in 2017, such as financials and energy.

Financials gained 0.4 per cent on Tuesday, while energy gained 0.7 per cent. Materials were the top gaining sector, rising 1.3 per cent.

The Dow Jones Industrial Average rose 92.8 points, or 0.44 per cent, to 21,328.47, the S&P 500 ained 10.96 points, or 0.45 per cent, to 2,440.35 and the Nasdaq Composite added 44.90 points, or 0.73 per cent, to 6,220.37, according to Reuters.
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