Big Tech Recovers Sending Wall Street to Highs

Big technology companies like Facebook and Microsoft helped to push S&P 500 stocks to closing highs on Tuesday, gaining 0.9 percent.

Financials on Wall Street also made gains of 0.4 percent as did energy which rose 0.7 percent, while the top gainer was Materials which rose 1.3 percent.

• The Dow Jones Industrial Average gained 92.8 points or 0.44 percent to 21,328.47
• The S&P 500 gained 10.96 points, or 0.45 percent to 2,440.35
• The Nasdaq Composite gained 44.90 points or 073 percent to 6,220.37

In US exchanges around 6.4 billion shares changed hands.

Currency Markets

• The pound sterling gained 0.2 percent to $1.2784
• The Canadian dollar gained 0.2 percent
• The euro was up 0.1 percent at 1.1218
• The yen was sitting at 110.09 per dollar
• The Australian dollar gained 0.3 percent to 0.7559 US cents

Commodities
• West Texas crude futures dipped 0.7 percent to $46.14 a barrel, with inventories in US stockpiles rising by 2.75 million barrels according to the American Petroleum Institute
• Gold made gains as it advanced 0.1 percent to $1,268.02 an ounce

Investors Focus on Fed Decision on Rate Hike

Investors are looking to Wednesday, where Fed Chair Janet Yellen is scheduled to release the decision by the Fed on whether they are going to raise interest rates, which is highly expected by traders.

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