Alexis Christoforous and Jared Blikre of Yahoo Finance and Stephen Wood, Chief Market Strategist at Russell Investments, discuss Facebook and the outlook for technology stocks.
NEW YORK (AP) — U.S. stocks continue to reach record highs in midday trading Wednesday. Boeing and AT&T rose sharply after posting strong second-quarter results. Gains for chipmakers helped technology companies move higher. Treasury yields took a modest step backward as the Federal Reserve prepares to wrap up a two-day meeting on interest rates, which most investors expect to be uneventful.
Wall Street’s “fear gauge” on Tuesday was on track to book its lowest level in history as the gauge plumbs new depths amid a series of records for stock-index benchmarks.