Stocks traded sharply higher on Monday, led by strong gains in the tech sector, as Wall Street tried to build on the momentum from last week™s solid performance and shake off a continued rise in coronavirus cases.
The Dow Jones Industrial Average rose 395 points, or 1.5%, while the S&P 500 gained 1.6%. The tech-heavy Nasdaq Composite jumped 2.5% to an all-time high.
The biggest technology companies led the gains with Apple, Amazon, Microsoft and Google-parent Alphabet all climbing more than 2%. Amazon shares also hit $3,000 for the first time. Netflix shares reach an all-time high as well. The Nasdaq-100 -- which is made up of the composite™s 100-largest nonfinancial stocks ” jumped 2.7% on Monday, bringing its 2020 gains to more than 20%.
Source: CNBC
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