Microsoft was up 0.56 percent and Intel 1.4 percent, driving the S&P technology index's 0.3 percent rise
The sweatwork trend is growing in the finance industry
Earnings for S&P 500 companies are expected to increase on an average by 11.8% in the quarter
(Reuters) - The benchmark S&P 500 opened lower for the first time in 2018 on Monday, as losses in healthcare and financial stocks cut short Wall Street's strongest start to a year in a decade.
Six of the 11 major S&P sectors were higher, led by gains in technology and consumer discretionary stocks
Apple declined 0.8% after issuing a rare apology for slowing older iPhones with flagging batteries
The stock dragged down the S&P consumer discretionary index, which was the biggest loser among the 11 major S&P sectors, with a 0.34% fall
The S&P 500 has climbed about 5% since mid-November when the House passed its tax overhaul bill
The benchmark S&P 500 has gained about 20% so far in 2017, set for its best year since 2013
Oil prices rose nearly 2 per cent, helped by rising Chinese crude demand and threats of a strike in Africa's largest oil exporter
The Nasdaq Composite was up 7.90 points, or 0.12 per cent, at 6,770.11
Technology stocks were the biggest decliners
The positioning of options on S&P 500 index and CBOE Volatility Index shows investors have been gradually adding to hedges
Seven of the 11 major S&P indexes were higher, led by gains in telecom services and technology sectors
A high dividend yield also makes them attractive in low interest rate environments
Seven of the 11 major S&P sectors were higher on the day, led by 0.51% gain in the technology index
Investors are betting on strong earnings growth across the S&P 500
The biggest asset management companies, which pool investments into securities on behalf of investors, are no exception to this
The Labor dept closely watched employment report showed nonfarm payrolls decreased by 33,000 jobs last month
Dow Jones Industrial Average was down 35.11 points