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Wall Street to open higher on tech recovery; Fed in focus


By Sruthi ShankarREUTERS - U.S. stocks looked set to open higher on Tuesday as technology shares staged a recovery after a two-day rout, while investors awaited the Federal Reserve to kick off a meeting, where it is almost certain to raise interest rates. Traders have priced in a 94 percent chance of the Fed raising interest rates. Investors are also looking for more details on the central bank's plans to trim its $4.5 trillion balance sheet. The Fed is expected to release its decision at 2:00 p.m. ET (1800 GMT) on Wednesday. Fed Chair Janet Yellen is due to hold a press conference at 2:30 ...

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First Published: Tue, June 13 2017. 18:36 IST