US stocks edged up on Wednesday after a reported brokerage upgrade of Google Inc boosted the technology sector, while signals that interest rate hikes were approaching an end lifted the broader market.
Shares of Google, the world's most popular search engine, rose to a fresh high after Bear Stearns raised its rating on the stock to "outperform" from "peer perform," according to MarketWatch.
The Dow Jones industrial average was up 30.18 points, or 0.28 percent, at 10,877.59. The Standard & Poor's 500 Index was up 5.66 points, or 0.45 percent, at 1,274.46. The technology-laced Nasdaq Composite Index was up 18.50 points, or 0.82 percent, at 2,262.24.