Stocks Ended at Record as Tech Shares Rebounded
- Monday, June 19, 2017, 16:22
- Stock Market
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U.S. stocks ended higher on Monday, with both the Dow and the S&P 500 hitting records as technology shares rebounded from a recent bout of sharp weakness. The Dow Jones Industrial Average gained 144.71 points, or 0.68%, to 21,528.99. The S&P 500 added 20.31 points, or 0.83%, to 2,453.46. The Nasdaq Composite rose 87.25 points, or 1.4%, to 6,239.01.
The U.S. crude-oil benchmark gave up a modest gain to settle at a seven-month low Monday, as worries about U.S. output growth persisted.Light, sweet crude for delivery in July fell 54 cents, or 1.2%, to close at $44.20 a barrel. August Brent crude declined 46 cents, or 1%, to end at $46.91 a barrel.
Federal and state officials on Monday moved to block the merger between DraftKings Inc. and FanDuel, arguing the combination would harm competition by locking up 90% of the daily fantasy sports market in the U.S..
PARIS Boeing (BA.N) unveiled a new version of its bestselling 737 aircraft on Monday, injecting life into a faltering civil aviation market as French President Emmanuel Macron flew in to open the world’s biggest air show in Paris.
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