ended up 180.12 points, or 0.9%, at 19,837.65, its fourth straight day of gains and its highest closing level since March 9."Discretion is the better part of valor," said Joseph Abramson, co-chief investment officer at Northland Wealth Management, quoting the well-known proverb. "I think it's time to be a little bit more cautious after the bounce. ... The Fed and markets are on a collision course.
Information technology rose 1.5% as bond yields steadied, while both energy and heavily weighted financials advanced 1%."It's a great business. They operate their store count quite well and they're very efficient with respect to their costs," said Mike Archibald, vice-president and portfolio manager at AGF Investments.
took a big step toward luring more investment in clean technology to build a low-carbon economy, analysts said on Wednesday, but gaps must still be filled to make the country more competitive with the United States.Reporting by Fergal Smith; Additional reporting by Johann M Cherian in Bengaluru; Editing by Maju Samuel, Will Dunham and Deepa Babington