The Dow rises to record, aims for longest win streak since mid March but tech stocks retreat 1% early Monday

The Dow Jones Industrial Average opened in record territory Monday but the broader market wobbled as investors continued to process a disappointing jobs report that was seen keeping the Federal Reserve from tightening policy. The Dow gained 0.4% at 34,934, hitting an intraday record at 34,954.62, powered by gains in Goldman Sachs Group and Boeing Co. . The S&P 500 index was off by about 0.1% at 4,228, while the Nasdaq Composite Index was trading 1% lower at 13,622. Analysts said Friday’s disappointing April jobs report, which saw U.S. nonfarm payrolls rise by 266,000 versus a consensus forecast for an increase of 1 million, continued to provide a positive backdrop for equities.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.