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Tech shares boost Wall Street after Huawei reprieve

Credit: REUTERS/BRENDAN MCDERMID

Shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector.

NEW YORK, May 21 (Reuters) - Shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector.

The Dow Jones Industrial Average .DJI rose 197.7 points, or 0.77%, to 25,877.6, the S&P 500 .SPX gained 24.23 points, or 0.85%, to 2,864.46 and the Nasdaq Composite .IXIC added 83.35 points, or 1.08%, to 7,785.72.

(Reporting by April Joyner Editing by Susan Thomas)

((lewis.krauskopf@thomsonreuters.com; 646-223-6082; Reuters Messaging: lewis.krauskopf.thomsonreuters.com@reuters.net, Twitter: @LKrauskopf))

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