FYI: U.S. stocks rose Monday, powered by gains in technology shares.
The Dow Jones Industrial Average climbed 177 points, or .70%, to 25650. The S&P 500 advanced 1.25% and the tech-heavy Nasdaq Composite added 1.84%.
Tech shares in the S&P 500 advanced 2.1% after Nvidia agreed to buy computer-networking supplier Mellanox Technologies in an all-cash deal valued at roughly $7 billion. Nvidia’s shares rose 7.3% while Mellanox’s shares jumped 8.4%.
Apple shares rose 3.3%, among the biggest gains in the Dow industrials. Shares of Boeing dragged on the blue-chip index, slumping 6.5% after China and Indonesia grounded all of their Boeing 737 Max 8 aircraft following Sunday’s deadly crash of an Ethiopian Airlines jet of the same type.
The pull back in Boeing is likely short-term and could mark a buying opportunity for investors, according to Mr. Weiner.
“Boeing is in the catbird seat,” Mr. Weiner said. “More people are entering the middle class and they’re traveling. There needs to be more airplanes and there are only two major manufacturers.”
The WSJ Dollar Index, which tracks the U.S. currency against a basket of 16 peers, was broadly flat. The yield on 10-year Treasurys rose to 2.645%, from 2.627% Friday. Yields rise as bond prices fall.
Elsewhere, the Stoxx Europe 600 rose 0.7%. China’s indexes advanced following sharp declines at the end of last week. The Shenzhen A Share Index jumped 3.9% and Hong Kong’s Hang Seng rose 1%.
All eleven S&P 500 Sectors led by Technology, Energy, and Communication Services finished in positive territory.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-03-11/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/dow-futures-tumble-160-points-as-boeing-drops-in-premarket-after-deadly-ethiopia-plane-crash-2019-03-11/printWSJ:
https://www.wsj.com/articles/global-stocks-rise-to-start-the-week-11552294679Bloomberg:
https://www.bloomberg.com/news/articles/2019-03-10/stocks-face-mixed-start-after-2019-s-worst-week-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/bulls-charge-ahead-soaring-chips-boost-nasdaq/Reuters:
https://www.reuters.com/article/us-usa-stocks/wall-street-lifted-by-tech-shares-heavyweight-boeing-pares-losses-idUSKBN1QS1AXCNBC:
https://www.cnbc.com/2019/03/11/stock-market-futures-mixed-amid-growing-concerns-over-global-growth.htmlU.K.:
https://www.marketwatch.com/story/london-markets-climb-mining-shares-boost-ftse-100-2019-03-11/printEurope:
https://www.marketwatch.com/story/european-markets-positive-ahead-of-crucial-brexit-vote-commerzbank-adds-4-2019-03-11/printAsia:
https://www.marketwatch.com/story/asian-markets-mixed-as-worries-of-a-global-slowdown-accelerate-2019-03-10/printBonds:
https://www.cnbc.com/2019/03/11/us-treasury-yields-move-higher-after-powell-comments.htmlCurrencies:
https://www.cnbc.com/2019/03/11/forex-market-dollar-moves-brexit-in-focus.htmlOil:
https://www.cnbc.com/2019/03/11/oil-markets-opec-supply-cuts-us-drilling-activity-in-focus.htmlGold
https://www.cnbc.com/2019/03/11/gold-markets-dollar-moves-growth-outlook-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx 
