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Markets Off to Strong Start in New Week

Dow is up 249
By Newser Editors and Wire Services
Posted Aug 19, 2019 3:11 PM CDT
Trader John Romolo works on the floor of the New York Stock Exchange, Monday, Aug. 19, 2019.   (AP Photo/Richard Drew)

(Newser) – Stocks notched their third positive day in a row on Monday, powered by gains in technology companies after the US gave Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. Chipmakers did especially well. Nvidia jumped 7% and Micron Technology added 3.4%. Communications companies also rose. Google's parent company Alphabet was up 1.8%. For the day, the S&P 500 rose 34 points, or 1.2%, to 2,923, per the AP. The Dow Jones Industrial Average rose 249, or 1%, to 26,135, and the Nasdaq rose 106 points, or 1.3%, to 8,002. Bond prices fell. The yield on 10-year Treasury rose to 1.60% from 1.54% late Friday. (Read more stock market stories.)

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