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Stocks rise as tech bounces; investors ready for Fed

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - World stock markets rose on Tuesday as technology shares recovered from a recent sell-off while short-dated U.S. bond yields briefly hit multi-week highs ahead of an anticipated interest rate increase from the Federal Reserve.The S&P 500, Dow industrials and Russell 2000 set record closing highs. The S&P technology index ended up 0.9 percent after a two-session selloff 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 ...

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First Published: Wed, June 14 2017. 02:34 IST
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