Home Breaking News Dow, S&P 500 book records on resurgent tech sector

Dow, S&P 500 book records on resurgent tech sector


The Dow industrials and the S&P 500 index on Monday closed at all-time highs, powered by a rebound in shares of technology companies, which had experienced a recent bout of weakness. The Dow Jones Industrial Average

DJIA, +0.68%

finished up 0.7% at 21,528, the S&P 500 index

SPX, +0.83%

closed up 0.8%, at 2,453, led by a a 1.6% rally in the tech-sector, the session’s best performer among the S&P 500’s 11 sectors. The tech-laden Nasdaq Composite Index

COMP, +1.42%

meanwhile, added 1.4% to close at 6,239–still about 80 points from its record close set June 8, before the sectors high-fliers, including Amazon.com Inc.

AMZN, +0.76%

and Netflix Inc.


and others started to show signs of rising too high, too fast. Overall, the tech sector enjoyed its best daily advance in months, with the S&P 500’s tech sector booking its best daily climb since Dec. 7, 2016, while a popular way to trade the sector, the Technology Select Sector SPDR ETF

XLK, +1.48%

jumped 1.5% for its best daily gain since December, led by shares of Micron Technology Inc.

MU, +4.49%

Advanced Micro Devices Inc.

AMD, +4.28%

and NVIDIA Corp.

NVDA, +3.76%

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