The S&P 500 and Nasdaq Composite rose Monday, boosted by tech shares, as Wall Street tried to recover from a tough week. The Dow Jones Industrial Average was under pressure, however, as Boeing declined.
The broad market index gained 0.5%, while the Dow lost 47 points, or 0.1%. The Nasdaq outperformed, rising 1.1%.
Investors are also buying the dip with the technology sector, the worst performing among S&P 500 groups so far in the new year, as yields fell on Monday. Nvidia rose more than 4.5%, reaching an all-time high, and Amazon rose more than 1.5% to also lead the Nasdaq higher. Apple also ticked higher after Evercore ISI advised clients buy last week's dip.
The yield on the 10-year Treasury yield, meanwhile, lost nearly 4 basis points.
Source : CNBC
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