U.S. stocks rose on Monday, with stocks advancing in a broad rally that had 10 of the 11 primary S&P 500 sectors higher on the day. The only negative group was industrial stocks, which slipped 0.1%. On Friday, the sector soared more than 2% in its biggest one-day percentage jump since November 2016. The top-performing group on Monday was telecommunications, which rose 0.8%, and consumer-discretionary stocks, up 0.7%. Energy shares were also higher, with the sector up 0.5% despite a 0.8% decline in the price of crude oil. The Dow Jones Industrial Average rose 0.4% while the S&P 500 was up 0.3% and the Nasdaq Composite Index rose 0.4%, hitting an intraday record. The gains came as investors continued to view last week’s jobs report as suggesting an ideal environment for investing in stocks.
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From:: Stock Market News