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Market Snapshot: Dow struggles for direction with tech gains offset by slumping energy, bank shares

U.S. stock benchmarks climbed tepidly higher late-morning on Monday, as a pair of its more embattled sectors, technology and energy, drew early bidders.

In the near term, investors also braced for Federal Reserve Chairwoman Janet Yellen, who will deliver her semiannual monetary-policy report to Congress on Wednesday and Thursday. The start of second-quarter earnings season, launching in earnest on Friday with a roster of banks, also is in focus.

The Dow Jones Industrial Average DJIA, +0.11% added 11 points, or about less than 0.1%, at 21,424. The S&P 500 index SPX, +0.19% traded up 4 points, or 0.2%, at 2,428, as a 0.7% rise in the tech sector, helped to lift the broad-market benchmark.

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