Most stocks on Wall Street rise again on hopes for economy
By STAN CHOE AP Business Writer
NEW YORK (AP) — Most stocks are rising on Wall Street as markets continue to ride the high supplied by Friday’s surprisingly encouraging report on the U.S. jobs market. The S&P 500 was up 0.3% in morning trading on Monday, bringing it back within 5.4% of its record set in February. Optimism is strengthening 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 making the biggest gains, but pullbacks for a handful of big tech stalwarts were keeping the market’s overall gains in check.