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Stocks bounce after tech selloff; U.S. bond yields rise

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - World stock markets recovered after a technology-led selloff and short-dated U.S. bond yields hit multi-week peaks on Tuesday as investor focus turned to the Federal Reserve's monetary policy meeting.Technology shares edged higher after a two-session drop that put the spotlight on areas of the stock market where valuations appear stretched.The U.S. central bank is widely expected to raise its benchmark interest rate on Wednesday and may also provide details on its plans to shrink $4.5 trillion of assets it amassed to nurse the economic ...

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First Published: Wed, June 14 2017. 00:36 IST
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