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Wall Street higher as technology stocks gain ground


By Rama Venkat Raman and Sruthi Shankar(Reuters) - U.S. stocks edged higher in early afternoon trading on Thursday as popular technology stocks gained a firm footing after a bout of selloff and industrial stocks rose. Shares of Facebook, Apple and Alphabet gained between 1.7 percent and 0.5 percent and were among the biggest boosts to the S&P and the Nasdaq.General Electric rose about 0.9 percent after the industrial conglomerate said it was cutting 12,000 jobs at its global power business.Lululemon Athletica gained 7.15 percent after the Canadian yoga and leisure apparel maker reported a ...

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First Published: Thu, December 07 2017. 23:37 IST