Wall Street rises with help from technology, financial, energy stocks

The S&P 500 and the Nasdaq notched record closing highs on Monday, powered by demand for technology stocks after a global cyber attack and by rising oil prices.

The rising oil prices and housing data drove optimism about the economy and helped make financial stocks the second biggest driver for the S&P 500, behind the technology sector .

"The oil markets are acting well and that's helping," said R.J. Grant, head of trading at Keefe, Bruyette & Woods in New York, who also cited the strong corporate earnings season.

About 75 percent of S&P 500 companies that have reported quarterly results so far have beaten Wall Street expectations, according to Thomson Reuters data.

The Dow Jones Industrial Average was up 85.33 points, or 0.41 percent, to 20,981.94, the S&P 500 gained 11.42 points, or 0.48 percent, to 2,402.32 and the Nasdaq Composite added 28.44 points, or 0.46 percent, to 6,149.67.

The S&P 500 posted 46 new 52-week highs and 10 new lows; the Nasdaq Composite recorded 144 new highs and 53 new lows.

About 6.3 billion shares changed hands on US exchanges on Monday compared with the 6.8 billion average for the last 20 sessions.


For more real-time market information and new :-

Call Us @ - 9329336363

Email Us @ - info@researchinfotech.in

Visit - http://www.researchinfotech.in/

FACEBOOK     TWITTER     LINKEDIN      GOOGLE+