U.S. stocks showed signs of recovery from a significant decline experienced last week, with most indices making gains.
The S&P 500 index increased by 0.4% on Monday, marking its first positive movement in three days. Meanwhile, the Dow Jones Industrial Average experienced a slight decrease of 0.1%, and the Nasdaq composite climbed by 0.6%.
CVS Health saw a significant boost in its stock price after announcing the addition of four new directors to its board, including a hedge fund CEO who is a substantial shareholder. Additionally, a dip in Treasury yields in the bond market contributed to a more stable atmosphere on Wall Street.
This week is pivotal as several large corporations prepare to release their quarterly earnings reports, with Nvidia expected to be a major highlight when it announces results on Wednesday.
On Monday, the following changes were noted:
The S&P 500 added 23.00 points, or 0.4%, reaching 5,893.62.
The Dow Jones Industrial Average decreased by 55.39 points, or 0.1%, landing at 43,389.60.
The Nasdaq composite rose 111.69 points, or 0.6%, closing at 18,791.81.
The Russell 2000 index, which tracks smaller companies, saw an increase of 2.51 points, or 0.1%, to reach 2,306.34.
For the year to date:
The S&P 500 is up 1,123.79 points, reflecting a growth of 23.6%.
The Dow has climbed by 5,700.06 points, showing an increase of 15.1%.
The Nasdaq composite is up 3,780.45 points, gaining 25.2%.
The Russell 2000 index has increased by 279.27 points, which is a rise of 13.8%.