US STOCKS-Healthcare, tech stocks prop up Wall Street

From Reuters - December 27, 2017

* Oil prices fall from 2015 highs, U.S. crude at $59.53/bbl

* Tesla down on KeyBancs lowered est for Model 3 deliveries

* Indexes up: Dow 0.08 pct, S&P 0.06 pct, Nasdaq 0.1 pct (Updates to early afternoon)

By Sruthi Shankar

Dec 27 (Reuters) - U.S. stocks were higher in early afternoon trading on Wednesday, helped by gains in healthcare and technology sectors.

Facebook and Microsoft were among the top gainers on the S&P technology index, which is the best performing sector this year, gaining about 38 percent.

The sector, however, has come under pressure in the past five trading sessions, falling the most on Tuesday after reports of tepid iPhone X demand took a toll on Apple shares and its suppliers.

Ever since September, technology stocks have had some momentum left behind them, said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.

After a last couple of days - Apple and its suppliers were down and perhaps that was an overreaction - people are buying what they hope to be bargains.


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