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Technology companies helped lift stocks on Wall Street modestly higher Monday, nudging the Standard & Poor’s 500 and Nasdaq indexes to all-time highs.
The S&P 500 rose 0.2%, with slightly more than half the companies in the index notching gains. Banks and companies that rely on consumer spending were among the winners, outweighing a pullback in healthcare firms and makers of household goods, among others.
A rally in technology companies, which powered much of the market’s gains in 2020, helped push the Nasdaq to its first record high since Feb. 12. The index fell more than 10% from that peak by March 8, a decline that is known on Wall Street as a correction. With Monday’s gain, the Nasdaq has recouped all of its losses from that March slide.
Technology companies helped lift stocks modestly higher on Wall Street Monday, nudging the S&P 500 and Nasdaq indexes to all-time highs. The S&P 500 rose 0.2%
Stocks reach more records as earnings kick into high gear
Damian J. Troise and Alex Veiga
The Associated Press
Technology companies helped lift stocks modestly higher on Wall Street Monday, nudging the S&P 500 and Nasdaq indexes to all-time highs.
The S&P 500 rose 0.2%, with only slightly more than half the companies in the index notching gains. Banks and companies that rely on consumer spending were among the winners, outweighing a pullback in household goods makers and health care stocks, among others.
A rally in technology companies, which powered much of the market’s gains in 2020, helped push the Nasdaq to its first record high since Feb. 12. The index fell more than 10% from that peak by March 8, what is known on Wall Street as a “correction.” With Monday’s gain, the Nasdaq has recouped all of its losses from that March slide.
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