US stocks finish higher amid tech rally

New York, Oct 13 : US stocks ended higher, bolstered by strong gains in tech sector.
The Dow Jones Industrial Average on Monday increased 250.62 points, or 0.88 per cent, to 28,837.52. The S&P 500 was up 57.09 points, or 1.64 per cent, to 3,534.22. The Nasdaq Composite Index jumped 296.32 points, or 2.56 per cent, to 11,876.26, Xinhua reported.
Shares of major US tech giants, including Facebook, Apple, Amazon and Google-parent Alphabet, closed noticeably higher.
Ten of the 11 primary S&P 500 rose, with technology and communication services up 2.72 per cent and 2.42 per cent, respectively, leading the gainers.
Material dipped 0.15 per cent, the lone declining group.
US-listed Chinese companies traded mostly higher, with eight of the top 10 stocks by weight in the S&P US Listed China 50 index ending the day on an upbeat note.