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Market Snapshot: Why is the U.S. stock market higher Wednesday? Tech stocks aim for rebound after ADP jobs report

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U.S. stocks rise tepidly Wednesday morning, as equity benchmarks attempt to stage a modest recovery from the selling in technology shares a day ago that been fueled, at least partly, by comments from Treasury Secretary Janet Yellen, who raised the possibility of the need for interest rates to rise.

NewsWatch: Hedge funds had become ‘extreme’ sellers of stocks even before Yellen’s interest-rate remarks. Here’s why.

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