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Stocks buoyed by tech bounce; Dudley remarks lift Treasury yields

Reuters  |  NEW YORK 

By Chuck MikolajczakNEW YORK (Reuters) - World stock markets climbed on Monday as technology and retail stocks rebounded from recent weakness and U.S. Treasury yields rose in the wake of hawkish comments from a Federal Reserve official.The tech sector , up 1.4 percent, pushed equity indexes on Wall Street higher, with the Dow and S&P 500 hitting intraday records. The group had fallen 3.4 percent over the past two weeks. [.N]"You could argue that tech got a little overheated, so people took some profits and perhaps the selloff was a little deep, but it wasn't that deep, that's the thing," said ...

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First Published: Tue, June 20 2017. 00:08 IST