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Wall Street opens higher as tech stocks rebound

Investors are awaiting Janet Yellen's speech later in the day for clues on interest rates


A bounce in tech stocks, led by Apple and Nvidia, lifted the three major indexes on Tuesday. Apple rose 1.31 percent, a day after it flirted with correction territory following a report that the company had told suppliers to scale back shipments of parts for its upcoming iPhone X. Nvidia was up more than 4 percent, following a launch of an artificial intelligence-related software product. Technology stocks had taken a beating on Monday, sliding to their worst daily performance in five weeks, on increasing worries that the top-performing sector was falling out of ...

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First Published: Tue, September 26 2017. 21:16 IST