Gains in tech stocks help Nasdaq touch record high
The technology index rose 0.2 percent and hovered near its highest level since 2000, after Facebook hit a record high on a Morgan Stanley upgrade. Western Digital jumped 9 percent and was among the top percentage gainers on the S&P and the Nasdaq after the company raised its profit forecast for the first quarter. The Federal Reserve is scheduled to release its Beige Book - a summary of commentary on economic conditions - later in the day that will be parsed by investors for rate-hike clues.
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