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Dow Ends Day Up 94

Other indexes also close higher
By Newser Editors and Wire Services
Posted May 7, 2018 3:17 PM CDT
Dow Ends Day Up 94
Trader Michael Capolino works on the floor of the New York Stock Exchange, Monday, May 7, 2018. U.S. stocks moved broadly higher in early trading Monday, adding to solid gains at the end of last week.   (AP Photo/Richard Drew)

(Newser) – Stocks closed higher on Wall Street, adding to the market's gains from last week, the AP reports. Technology companies and banks pulled the market higher on Monday. Energy companies also rose as the price of crude oil closed above $70 a barrel for the first time since November 2014. Microsoft rose 1.1% and Bank of America climbed 1.2%. Exxon Mobil added 1.1%. Beverage makers and other consumer goods companies were among the laggards. The S&P 500 index rose 9 points, or 0.3%, to 2,672. The Dow Jones industrial average rose 94 points, or 0.4%, to 24,357. The Nasdaq composite climbed 55 points, or 0.8%, to 7,265. (Read more stock market stories.)

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