Summary: Wall Street enjoyed big gains as tech names recovered from last week's selloff and the Dow Jones Industrial Average and S&P 500 secured new closing records. The Nasdaq rose more than 1%. Walt Disney's 'Cars 3' dominated the weekend box office, toppling 'Wonder Woman' from the number one perch. The third installment in the franchise brought in $53.5 million at domestic theaters. Snap Inc. rose more than after signing a two-year $100 million dollar deal with Time Warner . The two agreed to create up to TEN original programs per year, including scripted comedy and drama. Costco was downgraded to hold from buy at Deutsche Bank. Analysts said the bulk-purchase retailer would see increased competition following the Amazon-Whole Foods deal. Goldman Sachs downgraded Costco last week.
