Dow Hits Another Record High at Open as Tech Stocks Bounce - NBC4 Washington
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Dow Hits Another Record High at Open as Tech Stocks Bounce

"I just don't see any reason for excessive optimism or pessimism right now," one analyst said

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    AP Photo/Mark Lennihan, File
    In this Oct. 7, 2016 file photo, a sign for Wall Street is carved into a building located near the New York Stock Exchange.

    The Dow Jones industrial average continued its march upward Monday, opening at a record high that tops last week's milestone of 21,391.97, CNBC reported.

    The S&P 500 opened up 0.4 percent, leaving it just below a record of its own. And the Nasdaq composite rose as well, nearly 1 percent.

    "I don't know where the optimism is coming from. That's not to say we should be negative. I just don't see any reason for excessive optimism or pessimism right now," said Randy Frederick, vice president of trading and derivatives at Charles Schwab.

    Technology stocks were bouncing back from a rough week, with Facebook, Amazon, Apple, Netflix and Google-parent Alphabet all up about 1 percent in early trading.