NEW YORK (AP) - Strong gains for technology companies like software and chip makers helped lead U.S. stocks higher Monday. Defense contractors also climbed as the market continued to bounce back from a bout of turbulence last week.
Stocks rose for the third day in a row. Technology companies are closing in on all-time highs and continued to rise Monday.
The Standard & Poor's 500 index jumped 12.29 points, or 0.5 percent, to 2,394.02. The Dow Jones industrial average added 89.99 points, or 0.4 percent, to 20,894.83. The Nasdaq composite gained 49.91 points, or 0.8 percent, to 6,133.62.
The Russell 2000 index of smaller-company stocks picked up 9.81 points, or 0.7 percent, to 1,377.14.
The technology component of the S&P 500 index has soared 18 percent this year, almost three times as much as the broader S&P 500.