Wall Street technology stocks rose on Wednesday, with strong gains for streaming companies after Netflix lost fewer subscribers than feared in the second quarter.
The tech-dominated Nasdaq Composite climbed as much as 1.9 per cent in early trading, though it trimmed some of its gains after The Information reported that Google-parent Alphabet would temporarily pause new hiring.
The Nasdaq closed 1.6 per cent higher for the day, while the S&P 500 gained 0.6 per cent.
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