S&P 500 hits highest level in 5 1/2 weeks as technology and health-care stocks rally--but other sectors slump

The S&P 500 index early Monday was climbing, pushing the broad-market benchmark to around its highest trading level since Feb. 21 at its intraday peak. The gains in the index were being powered by a rally in information technology shares and those for health care but the S&P 500's SPX, +0.58% other nine sectors were trading in negative territory. Most recently, the S&P 500 was up 0.5% at 3,286 and had hit a peak at 3,292, which would mark its highest close since Feb.

were powering the Dow Jones Industrial Average DJIA, +0.52% to gains after the tech giant said it was considering the purchase of the U.S. operations of TikTok, a Chinese-owned company.

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Iran's stock market surges past key level to record high, as analysts warn of bubbleIran's main stock index broke through the key 2 million point mark for the first time ever on Sunday, state media reported, amid warnings that the market is overheating. Stock markets worldwide are pumping amidst record unemployment and impending catastrophic recession Literally, literally the first time I've seen a headline that suggested stock market growth was a potential risk. I can't imagine why. Pop
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