Wall St. Opens Better As Tech Shares Bounce Back

(Reuters) – U.S. stocks opened higher on Monday, with the Dow Jones Industrial Average hitting a record high, as investors snapped up beaten down technology stocks.
Tech stocks have led the S&P 500’s rally this year.
The tech sector’s 1.25 percent rise led the gainers on the S&P 500.
The S&P technology sector is coming off its second straight weekly decline, triggered by fears of stretched valuations and investors moving money to other sectors.
Consumer staples stocks, which were battered on Friday after Amazon.com’s $13.7 billion deal to buy upscale grocer Whole Foods, added to their losses in early trading.

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