S&P, Nasdaq higher as tech stocks recover; Dow pauses

The S&P technology sector, which had fallen about 3 percent since the election, rose 1.07 percent. Microsoft's 1.31 percent rise gave the biggest boost to the S&P and the Dow, followed by Amazon and Apple. Both indexes had rallied in the past week since the shock victory of Donald Trump in the U.S. election on expectations of higher fiscal spending and lower regulations.