Stocks experienced an upward trend on Wall Street as the market opened for a holiday-shortened week.
The S&P 500 saw an increase of 0.7% on Monday, bolstered by the performance of several major technology firms, particularly chip manufacturers Nvidia and Broadcom.
The Dow Jones Industrial Average added 0.2%, while the Nasdaq composite climbed by 1%.

In notable stock movements, shares of Honda listed in the U.S. surged significantly following reports that the company is engaged in discussions regarding a merger with Nissan, which could potentially include Mitsubishi Motors as well.
Additionally, Eli Lilly’s stock rose after it received regulatory approval for Zepbound, marking it as the first prescription treatment for adults suffering from sleep apnea.
Conversely, the bond market saw an increase in Treasury yields.

By the end of Monday’s trading session:
The S&P 500 closed higher by 43.22 points, or 0.7%, settling at 5,974.07.
The Dow Jones Industrial Average gained 66.69 points, translating to a 0.2% rise, finishing at 42,906.95.
The Nasdaq composite improved by 192.29 points, or 1%, reaching 19,764.89.
However, the Russell 2000 index, which tracks smaller companies, saw a decline, falling 4.93 points or 0.2%, to 2,237.44.

Looking at year-to-date performance:
The S&P 500 is up by 1,204.24 points, or 25.2%.
The Dow has increased by 5,217.41 points, or 13.8%.
The Nasdaq has seen a substantial rise of 4,753.53 points, equating to an increase of 31.7%.
Lastly, the Russell 2000 has risen by 210.36 points, or 10.4%.