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Stocks Hover Near Session Highs as Tech Leads Wall Street

Stocks held near session highs on Monday, led by a rally in tech driven by the acquisition of ARM Holdings (ARMH) .

The S&P 500 was up 0.25%, the Dow Jones Industrial Average gained 0.16%, and the Nasdaq added 0.61%.

The Dow was on track to secure a new all-time closing high after reaching records on Friday. Stocks have enjoyed a stretch of record-breaking days after a better-than-expected U.S. jobs report for June brought relief over the state of the U.S. economy. A dismal May reading had triggered fears over...