Business

US markets close higher as tech rebounds

NYSE traders Image copyright Reuters

US markets closed higher on Monday, as technology stocks rebounded after sell-offs last week.

Shares in financial firms and healthcare companies also climbed.

The gains helped lift the tech-heavy Nasdaq index by 1.42% to 6,239.01. The S&P 500 index rose 0.83% to 2,453.46 and the Dow Jones was up 0.68% at 21,528.99.

Apple was one of the biggest risers, gaining nearly 2.9%.

Social media platform Snapchat saw its shares rise more than 2% after it announced Time Warner would produce shows for the site.

The increases in the technology sector came as the White House hosted a meeting with industry leaders on Monday.

Energy firms were among the losers on Monday, as oil prices dipped.

Exxon declined almost 0.9%, while Chevron fell about 0.8%.