Bengaluru: Wall Street’s main indexes rose on Tuesday, as Apple and chipmakers boosted technology shares, while higher oil prices lifted energy companies.
The gains come after two sessions of declines, triggered by fears of slowing global economic growth and an inversion of the US Treasury yield curve for the first time since 2007 that followed the Federal Reserve’s stunning about-face on interest rate increases.
“Markets are higher despite worries of slowing global growth, but they have been pretty resilient all the way along so it’s kind of hard to bring them down at this point,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago
“Investors are looking at names that can provide growth even in a slowing environment and tech stocks fit that bill.”
