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
