U.S. Stocks Close Higher as Investors Continue to Bet on Fed

U.S. stocks rose on Wednesday, rebounding after the S&P 500’s largest decline in a month, with social-media shares helping lift the technology sector and as investors pondered when the Federal Reserve would start hiking interest rates.

“Technology is one of our favorite spots; (along with) any sector that does well in an economic upturn. There’s an anticipation of a pretty good upgrade cycle for both consumers and business,” said Jeff Kravetz, regional investment director for U.S. Bank Wealth Management.

Apple rose, halting a two-session drop, its shares up 3.1 percent a day after the provider of consumer technology unveiled a smartwatch and payment gadgets.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.