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VOL. 43 | NO. 10 | Friday, March 8, 2019

Tech stocks lead rally; Boeing hits Dow

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NEW YORK (AP) — A rally in the technology sector is pushing U.S. stocks to broad gains Monday, led by Apple and chipmakers.

The S&P 500 posted its biggest increase since late January. Nvidia was the index's strongest performer after agreeing to buy chipmaker Mellanox. Apple benefited from an analyst upgrade.

The S&P 500 gained 40 points, or 1.5 percent, to 2,783. The Nasdaq, heavily weighted with tech stocks, jumped 149 points, or 2 percent, to 7,558.

The Dow Jones Industrial Average rose 200 points, or 0.8 percent, to 25,650. A sharp drop in Boeing shares restrained the Dow's advance.

The upbeat start Monday follows the worst week of the year for the S&P 500. Stocks were helped by a U.S. government report showing retail sales rose slightly in January after falling in December.

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