U.S. stocks rose Monday as strong tech shares and so-called defensive sectors led the market higher for a third session. Defensive stocks are those that are viewed as less sensitive to the economic cycle such as utilities and consumer staples. However, trading volume remained subdued amid lingering concerns about political uncertainty surrounding President Donald Trump’s administration. The S&P 500 added 12 points, or 0.5%, to close at 2,393. The Dow Jones Industrial Average rose 90 points, or 0.4%, to end at 20,894 while the Nasdaq Composite Index climbed 49 points, or 0.8%, to close at 6,133.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
