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Stocks Rise on Wall Street

S&P 500's losing streak is broken
By Newser Editors and Wire Services
Posted Oct 21, 2019 3:12 PM CDT
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Trader Michael Milano works on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019.   (AP Photo/Richard Drew)

(Newser) – Stocks are closing higher Monday, led by gains in technology companies and banks, the AP reports. The technology sector of the S&P 500 rose 1.1%, snapping a three-day losing streak. Apple rose 1.7%. Intel gained 1.5%. Financial services companies posted gains as bond yields rose. JPMorgan gained 2.5%. Boeing shares dropped 3.8%. The company is facing increased scrutiny over its handling of a flight-control system that is implicated in two deadly crashes of its 737 Max airplanes. The decline in Boeing limited the gain for the Dow Jones Industrial Average. The S&P 500 gained 20 points, or 0.7%, to 3,006. The Dow rose 57 points, or 0.2%, to 26,827. The Nasdaq gained 73 points, or 0.9%, to 8,162. The yield on the 10-year Treasury rose to 1.80%. (Read more stock market stories.)

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