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US stocks trending higher day after both Nasdaq and S&P set records
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U.S. equity futures are trending higher after the S&P notched its 53rd record close of the year Monday as technology stocks lifted major indexes.
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On Wall Street on Monday, gains for several Big Tech stocks helped push the S&P 500 and the Nasdaq composite to more record highs. The S&P 500 added 19.42, or 0.4%, to close at 4,528.79 The Dow fell 55.96 points, or 0.2%, to 35,399.84 and the Nasdaq composite rose 136.39 points, or 0.9%, to 15,265.89.
Technology stocks, which benefit from low interest rates, did much of the heavy lifting for the broader market. Apple rose 3%, while Amazon and Facebook each rose more than 2%.
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Health care companies also had solid gains and helped lift the benchmark S&P 500. Banks stocks, which would benefit from higher rates, were the biggest drag on the overall market. Wells Fargo lost 2.8%.
The Russell 2000 index of small company stocks lost 10.70 points, or 0.5%, to 2,266.80.