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Wall Street at record as data dulls rate hike chances


By Tanya AgrawalREUTERS - U.S. stocks were trading at record levels in early afternoon trading on Friday, as weak economic data dimmed chances of another rate hike this year and tech stocks gained.A rise in Microsoft and Apple lifted the S&P and the Nasdaq, with the technology index rising 0.63 percent.However, tepid forecasts by JPMorgan and Wells Fargo capped gains.Shares of JPMorgan fell 1.5 percent, Citigroup was down 1 percent and Wells Fargo fell 1.9 percent, despite their quarterly profits beating analysts' expectations.The financial index fell 0.92 percent and was the only laggard ...

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First Published: Fri, July 14 2017. 22:42 IST