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Tech rebound lifts stocks; Dudley boosts Treasury yields

Reuters  |  NEW YORK 

By Chuck MikolajczakNEW YORK (Reuters) - World stock markets advanced on Monday as technology and retail stocks rebounded from recent declines 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]"Some of it is folks taking a second look at names that may have been unduly punished in the rotation out of tech that started about ten days ago," said David Lefkowitz, ...

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First Published: Mon, June 19 2017. 23:28 IST
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