US STOCKS-Wall Street climbs on healthcare, tech push

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* Boeing rises on resuming 737 MAX production
* Twitter, Facebook drop amid threat of executive order
* Dollar Tree jumps after results beat
* Indexes up: Dow 0.70%, S&P 0.92%, Nasdaq 1.03%

(Updates to early afternoon)
By Medha Singh and Devik Jain
May 28 (Reuters) - Wall Street's major indexes rose on
Thursday, boosted by gains in healthcare and technology stocks,
as investors bet on a swift recovery from a coronavirus-driven
economic slump.
The Dow Jones index got a lift from a 3.1% rise in Boeing Co
BA.N shares after the planemaker said it had resumed
production of its 737 MAX passenger jet at its Washington plant,
although at a "low rate". Healthcare .SPXHC and technology .SPLRCT sectors rose
2.1% and 1.4%, respectively, topping the major S&P indexes
trading higher.
The S&P 500 .SPX has soared about 38% from its low hit in
March as a restart in business activity after weeks of shutdown
and massive amounts of stimulus measures to support the economy
drove hopes of a recovery.
The benchmark index is now about 10% below its Feb. 19
record high.
"The market believes the worst economic conditions resulting
from the coronavirus are behind us," said Tim Shaler, chief
economist for iTrustCapital in Newport Beach, California.
The Labor Department's latest data showed the number of
Americans filing for unemployment benefits held above 2 million
for a 10th straight week, though jobless claims have declined
steadily since hitting a record high in mid-March. However, worsening ties between the United States and China
in recent weeks along with fears of a second wave of coronavirus
infection pose a threat to stock market's strong recovery from
the crash earlier this year, according to analysts.
Investors are also keeping a close watch on Twitter Inc
TWTR.N and Facebook Inc FB.O ahead of an expected order from
President Donald Trump that would review a law that has long
protected the internet companies from being responsible for the
material posted by their users. Twitter shares were down 2.8%, while Facebook pared losses
to trade up 0.8%.
At 12:52 p.m. ET, the Dow Jones Industrial Average .DJI
was up 179.92 points, or 0.70%, at 25,728.19, the S&P 500 .SPX
was up 28.02 points, or 0.92%, at 3,064.15. The Nasdaq Composite
.IXIC was up 97.27 points, or 1.03%, at 9,509.63.
Bank stocks .SPXBK lagged after surging about 15% in the
past two sessions.
Memory chipmaker Micron Technology Inc MU.O dropped 3.2%,
despite raising its revenue forecast for the third quarter.
Discount retailer Dollar Tree Inc DLTR.O jumped 11.3%
after reporting better-than-expected quarterly sales and profit
as consumers stockpiled on groceries and other essentials due to
novel coronavirus pandemic. Advancing issues outnumbered decliners by a 1.60-to-1 ratio
on the NYSE and by a 1.30-to-1 ratio on the Nasdaq.
The S&P index recorded 15 new 52-week highs and no new low,
while the Nasdaq recorded 59 new highs and six new lows.