Markets Right Now: Tech, Retailers Lead Gains For US Stocks
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are rising on Wall Street as technology companies, retailers and household goods companies gain ground.
Apple rose 1.1 percent and Google's parent company Alphabet climbed 1.3 percent in midday trading Monday. Facebook lagged after the New York Times reported that the company shared user data with dozens of device makers.
Health care companies are mixed as investors react to results from studies of cancer drugs at a top medical conference.
The S&P 500 index rose 9 points, or 0.4 percent, to 2,744.
The Dow Jones industrial average rose 194 points, or 0.8 percent, to 24,829. The Nasdaq composite climbed 27 points, or 0.4 percent, to 7,581.
Bond prices fell. The yield on the 10-year Treasury rose to 2.92 percent.
Technology companies and banks are leading stocks higher in early trading on Wall Street, building on the markets gains from last week.
Microsoft rose 1 percent early Monday after announcing a deal to buy a popular coder site called GitHub. Goldman Sachs rose 1 percent.
Apple rose 1.1 percent ahead of the company's annual developers' conference.
The S&P 500 index rose 11 points, or 0.4 percent, to 2,745.
The Dow Jones industrial average rose 188 points, or 0.8 percent, to 24,822. The Nasdaq composite climbed 26 points, or 0.4 percent, to 7,581.
Bond prices fell. The yield on the 10-year Treasury rose to 2.91 percent.