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Wall Street climbs as tech recovers, banks rise ahead of Fed


By Lewis Krauskopf(Reuters) - Wall Street gained on Tuesday, with the Dow hitting an all-time high, as bank shares rose ahead of an expected Federal Reserve interest rate hike and technology stocks bounced back.The S&P 500 technology sector rose 0.7 percent, recovering from its biggest two-day decline in nearly a year. Big tech names, such as Microsoft and Facebook , pushed the S&P 500 higher."The selloff in tech probably was a bit further than people expected, so there is some bargain hunting back into that sector," said Rick Meckler, president of LibertyView Capital Management.Tech has ...

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First Published: Wed, June 14 2017. 00:29 IST