U.S Stocks Climb to Record as Tech Shares Advance With Nasdaq

Jun 19, 2017 10:16 am ET

(Bloomberg) -- U.S. stocks rose, following a lull in markets after equities hit another fresh record last week.

The S&P 500 added 0.3 percent to 2,445 at 10 a.m. New York time. The index hasn’t posted a gain or loss exceeding 1 percent in a month. The Dow Jones Industrial Average added 78 points to 21,462 on Monday.

  • Tech leading market in early trading, up 1.3%, poised for biggest gain since March 1
    • Every stock in index group higher
  • Nasdaq up 1.2%
  • Financials up 0.8% after gaining for the past two weeks
  • Energy stocks down 0.6% as oil adds 0.3%
  • Volume in S&P 500 12% below 30-day average
  • VIX down to 10.1
  • POLITICS:
    • The U.S. Supreme Court will consider whether judges can throw out legislative maps as being so partisan they violate the Constitution, taking up a case that could put a powerful new check on gerrymandering
    • Russia warned that it may treat U.S.-led coalition aircraft over Syria as targets following the shooting down of a Syrian government warplane, in an escalation of rhetoric between the two rivals in the Middle East conflict
  • ECONOMY:
    • Federal Reserve Bank of New York President William Dudleyaligned himself with Chair Janet Yellen in declaring his expectation that a tight labor market will eventually trigger a rebound in inflation data that has been unexpectedly weak in recent months
  • EARNINGS:
    • Pre-market Tuesday: Lennar Corp. (LEN)

For more equity market news:

  • MSCI Upgrades Often Trigger Losses as Well as Gains: Macro View

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