The U.S. stock market displayed a mixed performance as losses in major technology firms like Nvidia were balanced by gains in other sectors, such as health care and energy.
The S&P 500 managed to post a modest rise of 0.2% after wavering in negative territory for much of the trading day. Conversely, the Dow Jones Industrial Average saw a more significant gain of 0.9%, while the Nasdaq composite index faced a decline, slipping 0.4%.
In the bond market, Treasury yields experienced an uptick as investors await significant inflation updates due later this week. The movements in the bond market have been significantly influencing trading on Wall Street, particularly as forecasts for interest rate cuts by the Federal Reserve appear to be fading.
On Monday’s trading session: the S&P 500 increased by 9.18 points, standing at 5,836.22; the Dow Jones Industrial Average climbed by 358.67 points to reach 42,297.12; on the other hand, the Nasdaq composite dropped by 73.53 points, settling at 19,088.10. Additionally, the Russell 2000 index, which represents smaller companies, rose by 5.17 points to close at 2,194.40.
In terms of year-to-date performance: the S&P 500 has decreased by 45.41 points, or 0.8%; the Dow has lost 247.10 points, translating to a 0.6% decline; the Nasdaq has fallen by 222.69 points, marking a 1.2% drop; while the Russell 2000 index has retreated by 35.75 points, or 1.6%.