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Markets Right Now: Tech gains send S&P 500 to another record

Posted June 19

The latest on developments in financial markets (All times local):

4:00 p.m.

Big gains in technology companies sent major U.S. stock indexes to more record high closes on Wall Street.

Apple, already the world's most valuable publicly traded company, added another 2.9 percent Monday. Google's parent company Alphabet rose 1.7 percent.

Health care companies and banks also did well. Biogen climbed 3.5 percent and Morgan Stanley rose 2.8 percent.

The Standard & Poor's 500 index rose 20 points, or 0.8 percent, to 2,453.

The Dow Jones industrial average increased 144 points, or 0.7 percent, to 21,528. The Nasdaq composite climbed 87 points, or 1.4 percent, to 6,239.

The S&P 500 and the Dow Jones industrials both closed at all-time highs.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.19 percent.

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11:45 a.m.

Technology companies, health care stocks and banks are leading market indexes higher in midday trading on Wall Street.

The gains Monday put major U.S. indexes further into record territory.

Apple rose 2.4 percent, while Google's parent company, Alphabet, gained 1.6 percent. Bank of America gained 1.8 percent.

The Standard & Poor's 500 index rose 16 points, or 0.7 percent, to 2,450.

The Dow Jones industrial average increased 114 points, or 0.5 percent, to 21,499. The Nasdaq composite climbed 70 points, or 1.1 percent, to 6,221.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.17 percent.

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9:35 a.m.

Technology companies and banks are leading stock indexes modestly higher in early trading on Wall Street.

Apple rose 1.7 percent in the first few minutes of trading Monday, while Google's parent company, Alphabet, gained 1.6 percent. Bank of America gained 1.4 percent.

The Standard & Poor's 500 index rose 10 points, or 0.5 percent, to 2,444.

The Dow Jones industrial average increased 72 points, or 0.3 percent, to 21,457. The Nasdaq composite climbed 60 points, or 1 percent, to 6,211.

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