03:30 PM EDT, 08/06/2024 (MT Newswires) -- Tech stocks were higher late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 2.5% and the SPDR S&P Semiconductor ETF (XSD) adding 1.5%. The Philadelphia Semiconductor index climbed 2.2%. In corporate news, Lumen Technologies ( LUMN ) shares soared 86% as Citigroup upgraded the company's rating to neutral from sell,...

NEW YORK (Reuters) - Bridgewater Associates said in a commentary sent to investors on Tuesday that it believes the sell-off in Japan's equities the previous day was exaggerated and that the stocks remain somewhat attractive, according to two sources familiar with the letter. According to the sources, the $112.5 billion global macro hedge fund wrote that, in their opinion, the...

05:01 PM EDT, 08/06/2024 (MT Newswires) -- US benchmark equity indexes closed higher Tuesday following steep losses in the previous two sessions, while Treasury yields saw sizable gains. The S&P 500 and the Nasdaq Composite rose 1% each to 5,240 and 16,366.9, respectively, while the Dow Jones Industrial Average advanced 0.8% to 38,997.7. All sectors posted gains, led by real...

NEW YORK, Aug 6 (Reuters) - Bridgewater Associates said in a commentary sent to investors on Tuesday that it believes the sell-off in Japan's equities the previous day was exaggerated and that the stocks remain somewhat attractive, according to two sources familiar with the letter. According to the sources, the $112.5 billion global macro hedge fund wrote that, in their...