Gains in technology companies helped lift U.S. stock index higher Monday, nudging the market once again into record territory.
The Standard & Poor’s 500 index closed at an all-time high, as did the Dow Jones industrial average. The latest gain extended the Dow’s winning streak to 10 days.
Traders bid up shares in microchip makers and other technology companies. Grocery chains, drugstore operators and other consumer-focused companies also helped drive the market higher. Energy companies declined the most along with the price of crude oil. Banks and industrial companies also lagged.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of Scommerce. The information provided on Scommerce is intended for informational purposes only. Scommerce is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.