16 May 2018

Retail, tech stocks boost Wall Street; Russell 2000 hits record

NEW YORK (Reuters) – Retail and technology stocks led Wall Street higher on Wednesday as the small-cap Russell 2000 hit a record peak, even as U.S. bond yields touched near a seven-year high and investors fretted over geopolitics.

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 2, 2018. REUTERS/Brendan McDermid

The Dow Jones Industrial Average .DJI rose 62.52 points, or 0.25 percent, to 24,768.93, the S&P 500 .SPX gained 11.01 points, or 0.41 percent, to 2,722.46 and the Nasdaq Composite .IXIC added 46.67 points, or 0.63 percent, to 7,398.30.

Reporting by Stephen Culp; Editing by James Dalgleish

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