* Oil up 3.2 pct; dollar drops for first time in 11 days
* Tyson Foods slumps on profit miss, CEO to leave
* LifeLock and Headwaters jump after agreeing to be acquired
* Indexes up: Dow 0.28 pct, S&P 0.45 pct, Nasdaq 0.54 pct
(Updates to open)
By Yashaswini Swamynathan
Nov 21 Wall Street rose on Monday morning, with
the Nasdaq hitting a record intraday high, helped by a jump in
technology shares and as higher oil prices boosted energy
The S&P was less than one point away from its intraday
record high, while the Dow also inched closer to its record. The
three indexes have rallied since the U.S. election as investors
bet Donald Trump's policies would be market friendly.
Oil prices jumped 3.2 percent to a near three-week high of
$48.30 per barrel amid hopes of the OPEC reaching an agreement
to cut output. The dollar index's first drop in 11 days
The energy index dominated the gainers among the 11
major S&P sectors, rising 1.2 percent. Chevron and Exxon
rose 1.4 percent each.
The technology index rose 0.58 percent, boosted by
Amazon.com, Facebook and Microsoft.
"Investors are playing out their beliefs, which in this case
is that Trump is going to bring about tax cuts and policy
changes that could result in a solid equity market," said Andre
Bakhos, managing director at Janlyn Capital in Bernardsville,
"This rally could end anytime, but, for the moment, the
enthusiasm is still there."
At 9:39 a.m. ET (1439 GMT), the Dow Jones Industrial Average
was up 52.6 points, or 0.28 percent, at 18,920.53. Its
record intraday high stands at 18,934.05.
The S&P 500 was up 9.75 points, or 0.45 percent, at
2,191.65. The index's record high is 2,193.81.
The Nasdaq Composite was up 28.86 points, or 0.54
percent, at 5,350.37, easing slightly after a record of
Tyson Foods was the biggest loser on the S&P,
dropping nearly 16 percent after the meat processor reported
lower-than-expected profit and said its chief executive officer
would step down.
LifeLock jumped 14.4 percent to $23.70 after
Symantec said it would buy the identity theft
protection services company for $2.3 billion. Symantec was flat.
Headwaters rose 15.9 percent to $23.29 after
Australia's Boral Ltd said it would buy the U.S.
construction and building products maker for $1.8 billion.
Facebook rose 1.24 percent to $118.47 after announcing a $6
billion share repurchase program.
Advancing issues outnumbered decliners on the NYSE by 2,205
to 500. On the Nasdaq, 1,541 issues rose and 730 fell.
The S&P 500 index showed 27 new 52-week highs and two new
lows, while the Nasdaq recorded 112 new highs and three new
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by