Tech Gains, but Other Sectors Stumble on Wall Street

Dow edges up
By Newser Editors and Wire Services
Posted Jul 22, 2019 3:17 PM CDT
Trader Tommy Kalikas works on the floor of the New York Stock Exchange, Monday, July 22, 2019.   (AP Photo/Richard Drew)

(Newser) – It was a good day for big technology stocks on Wall Street but a middling to crummy day for everyone else, the AP reports. Apple rose 2.3% Monday and Intel climbed 2.1%, leading the tech sector to the biggest gains of the day. Just under half of all the other sectors on the market fell, however, with the biggest losses going to consumer products makers. Philip Morris International gave up 2%. Energy companies did well as the price of oil rose, and Halliburton soared 9.1% after a banner earnings report. The S&P 500 index rose 8 points, or 0.3%, to 2,985. The Dow Jones Industrial Average edged up 17 points, or 0.1%, to 27,171. The tech sector gains sent the Nasdaq up 57 points, or 0.7%, to 8,204. Indexes of small-company stocks fell. (Read more stock market stories.)

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