Technology companies, solid earnings push US stocks higher
Technology companies and banks led U.S. stocks higher in early trading Tuesday as investors focused on another round of mostly solid corporate earnings.
Major indexes are trading above records set on Monday as Wall Street again brushes off fears about the virus outbreak in China and its impact on businesses and the global economy. The Chinese government has promised to take measures to soften the blow to its economy and investors are hopeful that other governments will do the same if necessary.
Chipmakers made some of the biggest gains within the technology sector, including a 2.5% rise for Advanced Micro Devices.
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