BUSINESS US stocks open higher as tech shares rally

BUSINESS

US stocks open higher as tech shares rally

Xinhua

22:19, July 01, 2019

NEW YORK, July 1 (Xinhua) -- US stocks opened higher on Monday, bolstered by rallying tech shares.

20223906pomy.jpg

(File photo: VCG)

Shortly after the opening bell, the Dow Jones Industrial Average jumped 257.68 points, or 0.97 percent, to 26,857.64. The S&P 500 was up 34.44 points, or 1.17 percent, to 2,976.20. The Nasdaq Composite Index advanced 143.48 points, or 1.79 percent, to 8,149.72.   

Shares of major US tech giants, the FAANG group of Facebook, Apple, Amazon, Netflix and Google-parent Alphabet, all traded on an upbeat note.

Of the 11 primary S&P 500 sectors, technology was up more than 2 percent shortly after the opening, the best-performing group.

US equities rallied in June, reversing May's loss as market sentiment was lifted by the central bank's hint on more accommodative monetary policy in the near future.

For the past month, the Dow notched 7.2 percent gain, the S&P 500 rose 6.9 percent, and the Nasdaq added 7.4 percent. 

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue