The US stock market rose to new record highs for the fifth day in a row

The US stock market strengthened on Monday after a variable start and closed higher on the fifth day in a row. Investors focused on the recovery of the US and global economy from the pandemic. They continued to observe developments in the bond market, but yields on US government bonds fell after Friday's sharp rise. Shares of banks and energy companies weakened, but shares of technology companies rose. The S&P 500 rose 0.7 percent to 3,968.94 points and the Dow Jones industrial index rose 0.5 percent to 32,953.46 points. Both indices thus reached record highs, which overshadowed their Friday records. The technology Nasdaq improved 1.1 percent to 13,459.71 points. The Russell 2000 index of smaller companies gained 0.3 percent and closed at 2,360.17 points, which also set a historical record. Asian stock markets headed up on Tuesday. It supported their record growth on Wall Street. The main Tokyo Nikkei 225 index strengthened by 0.5 percent and closed at 29,921.09 points. The Hang Seng Hong Kong Stock Exchange index rose 0.3 percent and the Chinese Shanghai Composite erased initial losses and eventually improved by 0.5 percent.