John Paulson

Tech giants surge again, lifting stocks to record highs

Tech giants surge again, lifting stocks to record highs

Apple and other big-name technology stocks got back to their winning ways Monday and helped drive U.S. indexes once again to record heights.

The Standard & Poor's 500 index rose 20.31 points, or 0.8%, to 2,453.46 and surpassed its old record, set nearly a week ago, by half a percent. The Dow Jones industrial average advanced 144.71 points, or 0.7%, to 21,528.99, and the Nasdaq composite jumped 87.25, or 1.4%, to 6,239.01.

Tech heavyweights — which were among the stock market's biggest stars until a recent drop — led the way. After being up more than 20% for the year, tech stocks in the S&P 500 fell sharply two Fridays ago on worries that they had risen too much, too...

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