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Wall Street gains as techs rise; focus shifts to earnings


By Ankur Banerjee and Tanya AgrawalREUTERS - U.S. stocks posted modest gains in early afternoon trading on Thursday as technology stocks rose, while investors shifted their attention to second-quarter earnings.A rise in shares of Apple, Microsoft and Alphabet provided the biggest boost to the S&P and the Nasdaq.Global equity markets rallied after Federal Reserve Chair Janet Yellen signaled a more gradual tightening of monetary policy than expected on Wednesday.The U.S. economy is healthy enough for the Fed to raise rates and begin winding down its massive bond portfolio, though low inflation ...

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First Published: Thu, July 13 2017. 22:36 IST