U.S. stocks trade higher as tech rebounds

NEW YORK, Dec. 6 (Xinhua) -- U.S. stocks traded higher on Wednesday as technology stocks continued to bounce back.

At midday, the Dow Jones Industrial Average added 28.98 points, or 0.12 percent, to 24,209.62. The S&P 500 increased 2.34 points, or 0.09 percent, to 2,631.91. The Nasdaq Composite Index was up 14.88 points, or 0.22 percent, to 6,777.10.

Technology stocks were on track to post consecutive gains on Wednesday, with shares of Facebook rising over two percent after being pressured over the past week.

Meanwhile, investors kept an eye on the progress of the U.S. tax reform. The U.S. Senate on Saturday morning passed the Republican bill to overhaul the tax code in decades, moving one step closer to the first major legislative victory of the Trump administration and congressional Republicans.

Analysts said market sentiment had been boosted by the prospect of the tax bill, sending the Dow Jones Industrial Average to record highs earlier this week. Enditem