U.S. stocks rallied to more records as gains for technology companies keep pushing the market higher.
The S&P 500 rose 0.8% Monday, beating the all-time high it set on Thursday. The Nasdaq composite climbed 1% to set a record of its own. The Dow Jones Industrial Average added 0.5%, but remains below its all-time high.
Broadcom piled more onto its strong gains from last week and helped lift the market along with other technology companies benefiting from the frenzy around AI. They helped more than offset increased pressure on the stock market from higher Treasury yields in the bond market.
On Monday:
The S&P 500 rose 41.63 points, or 0.8%, to 5,473.23.
The Dow Jones Industrial Average rose 188.94 points, or 0.5%, to 38,778.10.
The Nasdaq composite rose 168.14 points, or 1%, to 17,857.02.
The Russell 2000 index of smaller companies rose 15.85 points, or 0.8%, to 2,022.01.
For the year:
The S&P 500 is up 703.40 points, or 14.7%.
The Dow is up 1,088.56 points, or 2.9%.
The Nasdaq is up 2,845.67 points, or 19%.
The Russell 2000 is down 5.07 points, or 0.3%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
