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Wall Street gains on Macy's boost, Russell 2000 hits record


By Medha Singh(Reuters) - Wall Street rose on Wednesday, with the small cap Russell 2000 index hitting a record, as Macy's strong results lit up the retail sector and Micron led gains in the technology sector. Macy's shares surged 10.5 percent, hitting a 52-week high, after the department store operator reported strong results and raised its profit forecast.The report help boost the consumer discretionary sector, which rose 0.92 percent, while the consumer staples index gained 0.72 percent.Walmart and Nike, both components of the Dow Jones Industrial Average, and Target were up between 1.4 ...

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First Published: Wed, May 16 2018. 22:50 IST