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Market Snapshot: Dow, S&P 500 kick off July with gains, but tech fizzles

U.S. stocks on Monday closed the first day of trading in July and the second half of 2017 in positive territory—though off the day’s best levels—on the back of a rally in energy and financials, but tech shares lagged behind.

Gains accelerated in an abbreviated session ahead of the Fourth of July holiday on Tuesday, after an upbeat report on manufacturing.

Read:Which markets are closed for the Fourth of July?

The Dow Jones Industrial Average DJIA, +0.61% climbed 129.64 points, or 0.6%, closing at 21,479.27, finishing well off its intraday record of 21,562.75. Blue chips were aided in part by a rally in shares of Walt Disney Co.

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