At record highs on technology, health stocks strength

Resurgent tech stocks lift US indexes to records

At record highs on technology, health stocks strength

The Dow Jones Industrial Average (DJIA) had ahistoric day, hitting a fresh record high in intraday action.

The greenback was strengthened by comments from New York Federal Reserve President William Dudley who suggested the central bank remains on track to raise U.S. interest rates further.

The Nasdaq and the S&P 500 are also higher, up 58 points to 6,210 and 11 points to 2,444, respectively. Biogen climbed 3.5 percent and Morgan Stanley rose 2.8 percent. The Dow and S&P 500 were on track to secure all-new highs by market close.

U.S. crude is up 0.22% to $44.85, while the TSX Index in Toronto is up over 73 points at 15,265.

Last month, the US economy added 138,000 jobs, well below the expected gain of 185,000, while other data showed a fall in retail sales and inflation below the Fed's target of 2 percent.

United States markets opened modestly higher on Monday, as technology stocks rebounded after sell-offs last week.

The gains Monday put major US indexes further into record territory.

Large-cap tech shares, including Alphabet, Apple, Amazon and Facebook all rose over 1 percent in the premarket.

Canada's benchmark stock index rose on Monday, extending its recovery from a six-month low last week, as heavyweight financial shares rallied and after Hudson's Bay Co got a boost from an investor request for the company to explore strategic options.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.17 percent. The S&P technology sector.SPLRCT was up 1.4 percent after its second straight weekly decline, which was triggered by fears of stretched valuations. Amazon's stock was about 1 percent higher.

Technology companies and banks are leading stock indexes modestly higher in early trading on Wall Street.

To see why, just look at a chart of the S&P 500, and compare that to what you see on a chart of the tech sector ETF (XLK), or the Nasdaq 100 ETF (QQQ).

The Russell 2000 is up 60.95 points, or 4.5 percent.

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