Dow, S&P advance but tech weighs on Nasdaq

The S&P 500 and Dow Industrials moved higher on Monday, with the Dow hitting an intraday record as energy and bank stocks gained, but continued weakness in the technology sector pulled the Nasdaq lower.

The S&P energy index rose 2.0 percent, its best performance in nearly a month, led by gains in Exxon Mobil and Chevron.

The Nasdaq was lower as the technology sector saw its recent struggles continue, down 0.9 on the session after a drop of nearly 3 percent last week.

The Dow Jones Industrial Average rose 129.64 points, or 0.61 percent, to 21,479.27, the S&P 500 gained 5.6 points, or 0.23 percent, to 2,429.01 and the Nasdaq Composite dropped 30.36 points, or 0.49 percent, to 6,110.06.

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Posted in: Indian Market Tips