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Tech stocks rise in choppy Wall Street trading

The Nasdaq Composite was up 7.90 points, or 0.12 per cent, at 6,770.11


Wall Street treaded water in choppy morning trading on Wednesday with gains in technology stocks offsetting losses in financial shares. Shares of Microsoft, Facebook and Google parent Alphabet rose about 1 per cent. The Nasdaq had slipped 1.6 per cent in the past three days, its worst such fall in more than three months amid doubts over stretched valuations and the impact of a US tax overhaul on corporate earnings. Investors are evaluating the details of the new tax code as the Senate Republicans attempt to reconcile their version of the bill with that of the House of ...

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First Published: Wed, December 06 2017. 21:29 IST