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Aug. 3, 2020, 10:56 a.m. EDT · CORRECTED

S&P 500 hits highest level in 5 1/2 months as technology and health-care stocks rally--but other sectors slump

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By Mark DeCambre

An earlier version of this article misstated the historical data related to the S&P 500's climb early Monday. It is on track for the highest finish in 5 1/2 months.

The S&P 500 index early Monday was climbing, pushing the broad-market benchmark to around its highest trading level since Feb. 21 at its intraday peak. The gains in the index were being powered by a rally in information technology shares and those for health care but the S&P 500's /zigman2/quotes/210599714/realtime SPX +1.05% other nine sectors were trading in negative territory. Most recently, the S&P 500 was up 0.5% at 3,286 and had hit a peak at 3,292, which would mark its highest close since Feb. 21, according to FactSet data. Meanwhile, the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +1.71% was trading in record territory, and hit an intraday peak, as a trend of gains in tech-related stocks continued. Meanwhile, Microsoft Corp. /zigman2/quotes/207732364/composite MSFT +2.41% were powering the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.52% to gains after the tech giant said it was considering the purchase of the U.S. operations of TikTok, a Chinese-owned company.

/zigman2/quotes/210599714/realtime
US : S&P US
3,315.57
+34.51 +1.05%
Volume: 2.36B
Sept. 22, 2020 5:07p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
10,963.64
+184.84 +1.71%
Volume: 3.17M
Sept. 22, 2020 5:16p
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/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 207.42
+4.88 +2.41%
Volume: 33.52M
Sept. 22, 2020 4:00p
P/E Ratio
36.01
Dividend Yield
1.08%
Market Cap
$1532.75 billion
Rev. per Employee
$902,473
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,288.18
+140.48 +0.52%
Volume: 423.33M
Sept. 22, 2020 5:07p
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