U.S. technology shares rose on Thursday on optimism around a speedy economic recovery, although the Federal Reserve’s unexpectedly hawkish message on monetary policy kept the S&P 500 and the Dow indexes subdued. Eight of the 11 S&P indexes were down in morning trade, while information technology was among the few gainers on the day. Technology shares, which generally perform better when interest rates are low, powered a rally on Wall Street last year as investors flocked to stocks seen as relatively safe during times of economic turmoil.
