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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