How major US stock market indexes fared on Monday

GERMANY

Apple and other big-name technology stocks got back to their winning ways Monday and helped drive US indexes once again to record heights.

Dow e-minis were up 71 points, or 0.33 percent, with 25,503 contracts changing hands at 8:42 a.m. ET (1242 GMT).

Leading the rebound, Apple AAPL.O , Microsoft MSFT.O and Alphabet GOOGL.O were all up about 1.2 percent.

The S&P technology sector.SPLRCT finished up 1.7 percent after its second straight weekly decline, which was triggered by fears of stretched valuations.

The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 73.50 points, or 0.48 per cent, at 15,266.04.

This story has not been edited by Firstpost staff and is generated by auto-feed.

Health care companies and banks also did well.

Retail stocks were battered on Friday after Amazon.com's $13.7 billion deal to buy upscale grocer Whole Foods. Tech stocks have led the S&P 500's 9.4 percent rally this year.

On the currency front, the USA dollar is trading at 111.32 yen compared to the 110.88 yen it fetched at the close of NY trading on Friday.

Yellen's confidence as her team raised interest rates for the third time in six months last week surprised investors who had expected more caution about the economy following a set of weak US economic data. Amazon rose as much as 2.9 percent to an all-time high of $1017.

U.S. Treasury prices settled lower across the curve, with the benchmark 10-year yield rising 4 bps to 2.19% following some early hawkish remarks from New York Fed's William Dudley.

Clovis Oncology ( CLVS ) led the sector higher after the biopharmaceutical company announced positive late-stage trial data for its ovarian cancer drug.

Advancing issues outnumbered declining ones on the NYSE by a 1.68-to-1 ratio; on Nasdaq, a 1.92-to-1 ratio favored advancers.

The S&P 500 index showed 49 new 52-week highs and 10 new lows, while the Nasdaq recorded 99 new highs and 87 new lows.

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