Dow Rises 100 points, Hits Record High

U.S. stocks traded higher on Monday as technology stocks tried to recover from a wobbly performance last week.

The Dow Jones industrial average gained 100 points and hit a record, surpassing a previous all-time high of 21,391.97, which was set last week. The S&P 500 gained 0.65 percent to also trade at a record, with information technology rising 1.4 percent to lead advancers. The Nasdaq composite outperformed, rising 1.2 percent.

Large-cap technology stocks like Facebook, Amazon, Apple, Netflix and Google-parent Alphabet all rose approximately 1 percent in late-morning trade. Last week, valuation concerns sent the overall sector lower by around 0.8 percent. Tech is by far the best-performing sector of the year, rising 17.2 percent in the period. full story

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About Rhett October 861 Articles
Rhett October is a man independent of the nanny state. He sees what is obvious but to many others is a successful deception. He has a crush on Tomi Lahren. Follow him on Twitter @RhettOctober "After this, there is no turning back. You take the blue pill—the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill—you stay in Wonderland, and I show you how deep the rabbit hole goes. Remember: all I'm offering is the truth. Nothing more." -Morpheus