Fed gives stocks a boost; technology and retailers rally

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Fed gives stocks a boost; technology and retailers rally

May 23rd 2018, 21:11, by By Marley Jay The Associated Press

NEW YORK >> U.S. stocks turned higher Wednesday after the Federal Reserve indicated it’s not in a hurry to raise interest rates too quickly. Retailers and technology companies led the way as the market erased some early losses.

Stocks opened lower after a business survey suggested that the eurozone economy might remain weak for longer than experts had expected.

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