U.S. stock market opens higher with three major indexes rising.

IconCryptoNewsTerminal Staff06 Sep, 2024

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U.S. stock market opens higher with three major indexes rising.

The three major indexes of the U.S. stock market opened higher on Monday, led by gains in the technology sector. The Dow Jones Industrial Average rose 0.5%, the S&P 500 gained 0.7%, and the Nasdaq Composite jumped 0.9%. The tech-heavy Nasdaq Composite was boosted by gains in Apple, Microsoft, and Amazon. Apple rose 1.2%, Microsoft gained 0.8%, and Amazon climbed 1.1%. The gains in the tech sector came as investors bet on continued growth in the industry. The tech sector has been one of the best-performing sectors in the market this year, and investors are betting that it will continue to grow in the future. The other two major indexes also rose on Monday, but their gains were more modest. The Dow Jones Industrial Average was boosted by gains in Boeing and UnitedHealth Group. Boeing rose 1.3%, and UnitedHealth Group gained 0.9%. The S&P 500 was also boosted by gains in the healthcare and consumer discretionary sectors. Healthcare stocks rose 0.8%, and consumer discretionary stocks gained 0.7%. The gains in the U.S. stock market on Monday come after a strong week for the market. The three major indexes all rose last week, and the Nasdaq Composite hit a record high. Investors are betting that the market will continue to rise in the coming months, as the economy continues to recover from the pandemic.