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Wall Street set to open higher as beaten down tech stocks rebound

Reuters 

By Tanya AgrawalREUTERS - U.S. stocks looked set to open higher on Monday as investors snapped up beaten down technology and retail stocks.The S&P technology sector is coming off its second straight weekly decline, triggered by fears over stretched valuations and investors moving money to other sectors. Tech stocks have led the S&P 500's 8.7 percent rally this year.Leading the rebound, Apple, Microsoft and Alphabet were all up about 1 percent in premarket trading.Retail stocks were battered on Friday after Amazon.com's $13.7 billion deal to buy upscale grocer Whole Foods.The deal by Amazon, a ...

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First Published: Mon, June 19 2017. 18:58 IST
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