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The Closing Bell: U.S. Stocks Climb, Lifted By Tech Sector
FYI: U.S. stocks rose Thursday, helped by gains in shares of big technology companies, as investors continued to parse the impact of the Federal Reserve’s decision to raise interest rates.
Trading volume in the S&P 500 Index was about 9 percent below its average for the time of day as some traders turned their attention to a U.S. Senate panel hearing testimony from Supreme Court nominee Brett Kavanaugh and a woman who accuses him of sexual assault.
Leading gains in the technology sector and the three major indexes was Apple, which rose 2.5 percent after JPMorgan rated the stock “overweight”, citing the iPhone maker’s quicker-than-expected move to a services business.
