NEW YORK — U. S. stocks rose Monday as big technology companies like Apple continued to rally.
Technology companies and banks have stood out in the first quarter, said David
Schiegoleit, the head of investments at U. S. Bank’s Private Client Reserve.
Technology Companies and Banks Take Stocks Higher -
By THE ASSOCIATED PRESSMAY 1, 2017, 4:34 P. M. E. D.T.
Investors were relieved that the threat of a government shutdown appears to have been averted, so they bought riskier stocks
and sold government bonds, gold, and high-dividend stocks.
Benchmark U. S. crude fell 49 cents, or 1 percent, to $48.84 a barrel in New York.
Analysts expect first-quarter earnings for technology companies
and banks to rise 19 percent from the same period a year earlier, according to S&P Global Market Intelligence.