Stocks move broadly higher, led by banks and tech companies

Stocks move broadly higher, led by banks and tech companies

5 years ago
Anonymous $Dftgs0JzgE

https://apnews.com/0e90df6a41d54e7aa205582ef7ff95b1

NEW YORK (AP) — U.S. stocks moved broadly higher on Wall Street in early trading Monday, continuing the market's upward momentum as it comes off its best quarter in nearly a decade.

Technology companies and banks led the early gains. Those sectors are typically favored by investors when they have more confidence that the economy will continue growing. Meanwhile, consumer product makers and utility companies, which are considered more safe-play investments, lagged the market.