Nasdaq's 2% late-afternoon rally puts index on the brink of best day in about 6 weeks

The Nasdaq Composite Index on Monday was poised to climb by the most since late January, as a broad rally took hold of the stock market to start the week, shaking off early bumps. The Nasdaq COMP, +2.02% was up by about 2% with about a half-hour left in trading at 7,557, with that gain, if it holds, representing the best percentage rise for the technology-laden index since a 2.2% rally on Jan. 30, according to FactSet data. A popular exchange-traded fund used to bet on the tech sector, the Technology Select Sector SPDR ETF XLK, +2.15% was up 2.2%, also tracking its best daily climb since late January. More broadly, the S&P 500 index SPX, +1.47% was up 1.4% at 2,781, while the Dow Jones Industrial Average DJIA, +0.79% was gaining 0.7% at 25,624. The day’s advance for the blue-chip Dow comes even as one of its most influential constituents, Boeing Co. BA, -5.33% fell 5.8%, cutting nearly 170-points from the price-weighted index, after a Boeing-made 737 Max 8 plane crashed on Sunday, resulting in 157 deaths.

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