Stocks rose to all-time highs on Monday, lifted by gains in tech and some reopening names, as sentiment around the coronavirus pandemic improved.
The Dow Jones Industrials popped 378.13 points, or 1.4%, to end Monday at 28,308.46.
The S&P 500 climbed to yet another all-time high, picking up 34.12 points, or 1%, to 3,431.28.
The NASDAQ Composite added 67.92 points to Friday’s all-time peak, at 11,379.72.
Apple shares rose 1.2% to lead other tech-related names higher. Facebook climbed 1.6% and Amazon advanced 0.7%. Alphabet rose 0.6%.
Shares of airlines and cruise operators gained amid positive coronavirus treatment developments. United Airlines rose by more than 9%
along with American. Delta gained 9.3%. Carnival advanced 10.2%. Norwegian Cruise Line added to 7.6%, and Royal Caribbean closed higher by 4.7%.
Monday’s early gains come as the number of new coronavirus cases continues to decline in the U.S. Since spiking by more than 64,000 … Read the rest