Seven of 11 major S&P sectors were higher, with the financial index's 0.38% rise leading the gainers
Earnings of S&P 500 companies are now expected to have climbed 9.9% in the second quarter
The Nasdaq Composite was down 2.66 points, or 0.04%, at 6,382.3
The financial index <.SPSY> was the best performer among the 11 major S&P sectors
She said Fed would wind down its massive bond portfolio while keeping a close watch on low inflation
NEW YORK (Reuters) - U.S. stocks rose on Monday, with the S&P 500 and the Dow hitting record highs with growth sectors such as technology in favour again as investors appeared to regain confidence in the economy after upbeat comments from Federal Reserve officials.
As investors snapped up beaten down technology stocks
Amazon shares were up 3.4% at $997.84, while Whole Foods surged 27.7%
S&P 500 technology dropped 1.21% led by declines such as Apple, Microsoft, Facebook
(Reuters) - The Nasdaq Composite and the S&P 500 were lower on Monday as a bout of profit-taking squeezed the richly-valued technology sector.
British voters dealt a blow to Prime Minister Theresa May in a snap election
Comey said no doubt Russia interfered with election but was confident that no votes got altered
As investors stayed away from making big bets ahead of major political, economic events
The Dow Jones Industrial Average fell 52.77 points, or 0.25%
As oil prices fell after Arab states cut ties with Qatar over alleged support for Islamists & Iran
For the week, S&P rose 0.95 percent, Dow added 0.59 percent and Nasdaq gained 1.54 percent
Forecasts from Fed officials suggest that a median of two more hikes are planned before the year-end
This has further boosted chances of a rate hike by the Federal Reserve later this month
Financials rallied more than 20% in the wake of US presidential election on hopes of fiscal stimulus
As financial stocks fell after JPMorgan and BofA hinted at revenue weakness in the current quarter