Dow Rises More Than 100 Points To Start The Week, Tech Shares And Reopening Trades Gain
May 24, 2021
U.S. stocks climbed on Monday as the technology sector and shares benefitting the most from the economic reopening led the advance. The Dow Jones Industrial Average rose 170 points. The S&P 500 gained 0.6%, while the Nasdaq Composite popped 0.7% as Alphabet, Facebook and Microsoft all jumped more than 1%. Tech stocks gained to shake off another rough period for bitcoin over the weekend as the cryptocurrency bounced Monday. The cryptocurrency dropped under $32,000 on Sunday, only to rebound 16% above $38,000 on Monday. On Wednesday, bitcoin prices tumbled to just above $30,000, dropping to the lowest level since late January. Read more at CNBC.