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Tech recovery sends Wall Street to records with Fed next

Reuters 

By Lewis Krauskopf(Reuters) - Wall Street gained on Tuesday, with the S&P 500, Dow industrials and Russell 2000 setting record closing highs, as technology stocks bounced back and investors positioned for an expected Federal Reserve interest rate hike.The S&P 500 technology sector rose 0.9 percent, 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."I think the fall the last two days has been due to psychology not to any fundamentals, and today you're seeing some ...

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First Published: Wed, June 14 2017. 01:54 IST
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