Dow and S&P 500 Rally to Close at 17-Month Highs
By REUTERS
Filed at 3:19 p.m. ET
NEW YORK (Reuters) - U.S. technology stocks hit a 21-month high on Monday and blue-chip stocks hit 17-month highs after a surprisingly strong reading on the manufacturing sector lifted investors' hopes for a U.S. economic rebound.Index (.IXIC) was up 35.71 points, or 1.85 percent, at 1,967.92, a level not seen since Jan. 17, 2002.
The Dow Jones industrial average (.DJI) was up 78.08 points, or 0.8 percent, at 9,879.20 and the broader Standard & Poor's 500 Index (.SPX) was up 10.03 points, or 0.95 percent, at 1,060.74, both hitting levels not seen since June 3, 2002. |
