Wall Street firms 1% on boost from tech stocks

Published by
Reuters

By Bansari Mayur Kamdar and Devik Jain (Reuters) – U.S. stock indexes opened higher on Thursday on a boost from tech-focused megacap firms a day after hawkish comments from the Federal Reserve weighed on markets. Leading gains on the benchmark S&P 500 was a 18.4% surge in hard-disk maker Seagate Technology’s shares followed by a 13.5% jump in digital workflow company ServiceNow Inc. Both the companies reported better-than-expected quarterly results. Netflix Inc jumped 7.0% as billionaire investor William Ackman amassed a new stake in the streaming service company worth more than $1 billion. Ap…

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