S&P 500 rises to record close Monday

The S&P 500 reached a new record high on Monday, closing up 0.77% at 5,473.23, as Wall Street continued last week’s upward momentum.

The Nasdaq Composite rose 0.95% to 17,857.02, and the Dow Jones Industrial Average gained 188.94 points, or 0.49%, to 38,778.10, ending a four-day losing streak.

Megacap technology stocks significantly contributed to the S&P 500’s rally, with the information technology sector rising 1.2%.

Microsoft climbed over 1%, Apple increased by about 2%, and Alphabet, Amazon, and Meta Platforms also saw gains, NBC News reported.

read more: https://www.nbcnews.com/business/markets/sp-500-rises-record-close-monday-dow-snaps-four-day-losing-streak-rcna157616

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