Gains for technology companies lead US stocks higher

U.S. stocks are rising Monday morning as technology companies and banks gain ground. Some of the world’s largest technology companies, including Apple and Microsoft, are leading the way, although Facebook is lagging after the New York Times reported that the social media company shared data with dozens of device makers. The company is disputing that report. Health care companies are mixed as investors react to results from studies of cancer drugs at a top medical conference.

KEEPING SCORE: The S&P 500 index climbed 12 points, or 0.4 percent, to 2,746 as of 10:02 a.m. Eastern time. The Dow Jones industrial average rose 191 points, or 0.8 percent, to 24,827. The Nasdaq composite gained 19 points, or 0.3 percent, or, 7,574. The Russell 2000 index of smaller-company stocks little changed at 1,644.

The S&P 500 rose 1.1 percent Friday after the government said employers added 233,000 jobs in May, a strong gain.

LEADERS: Apple climbed 1.1 percent to $192.41 as investors waited for the start of its annual developers’ conference. Alphabet, Google’s parent company, gained 1.6 percent to $1,152.32 and Chipmaker Advanced Micro Devices added 3.4 percent to $14.89.

Microsoft rose 0.7 percent to $101.53. The company said Monday it will pay $7.5 billion in stock to buy GitHub, a popular site where software developers can go to host and review each other’s code. Around 27 million software developers around the world use its platform to share code and build businesses.

FACEBOOK POKED: The New York Times reported Sunday that Facebook struck data-sharing deals with at least 60 device makers, including Apple and Amazon, raising more concerns about what users give up when they use Facebook. Facebook said it disagreed with the reporting. Ime Archibong, vice president of product partnerships, said in blog post that Facebook has maintained tight control over

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