STAN CHOE and DAMIAN J. TROISE
AP Business Writers
NEW YORK (AP) — Wall Street's rally is spilling into a new week as most stocks continue to ride the high supplied by Friday's surprisingly encouraging report on the U.S. jobs market.
The S&P 500 was up 0.5% in midday trading on Monday, bringing it back within 5.3% of its record set in February, as optimism strengthens that the worst of the coronavirus-induced recession may have already passed. Stocks that would benefit most from an economy that's growing again were rising the most, but pullbacks for a handful of big tech stalwarts were keeping the market's overall gains in check.
The Dow Jones Industrial Average was up 248 points, or 0.9%, at 27,359, as of 11:53 a.m. Eastern time, and the Nasdaq composite was up 0.2%.