Nasdaq, tech lead market to higher close
U.S. stocks end up, Nasdaq leads
Tech leads S&P 500 sector gainers; Materials weakest group
Dollar, gold up slightly; crude, bitcoin both up >2%
U.S. 10-Year Treasury yield jumps to ~4.47%
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
NASDAQ, TECH LEAD MARKET TO HIGHER CLOSE
All three of the major U.S. stock indexes ended higher on Monday, led by gains in the Nasdaq .IXIC, with the technology sector .SPLRCT gaining more than 1%.
Consumer discretionary .SPLRCD rose 0.7% and was the second-biggest gainer among sectors.
Volume is expected to be slower than usual this week given and early close on Wednesday and the U.S. July 4th holiday on Thursday.
Investors have been looking for signs of cooling inflation and trying to gauge when the Federal Reserve might begin cutting interest rates.
Monday's data suggested inflation could continue to subside. It showed U.S. manufacturing contracted for a third straight month in June and a measure of prices paid by factories for inputs dropped to a six-month low.
On Friday, the key monthly U.S. jobs report is due and is expected to be the main focus on the week for investors.
Here is the closing market snapshot:
(Caroline Valetkevitch)
*****
FOR MONDAY'S EARLIER LIVE MARKETS POSTS:
GOLDMAN SEES EARNINGS GROWTH LIFTING S&P 500 BY YEAR-END - CLICK HERE
MIGHT THE MARKET STAY HOT IN JULY? - CLICK HERE
MONDAY DATA ROUND-UP: DUELING PMIs, CONSTRUCTION SPENDING - CLICK HERE
WALL STREET EDGES UP IN EARLY TRADE - CLICK HERE
AT 2024 HALFWAY MARK, MOMENTUM LEADS, BUT GROWTH IS ON ITS HEELS - CLICK HERE
YEN INTERVENTION THREAT KEEPS GS ON SIDELINES - CLICK HERE
FRENCH BANKS AVOIDING THE WORST FOR NOW - CLICK HERE
SKEWED RISK FROM PAYROLLS - CLICK HERE
FRENCH STOCKS BOUNCE BACK, BUT STILL BELOW EARLY JUNE LEVELS - CLICK HERE
FRENCH STOCKS SET TO RALLY AFTER FIRST ROUND OF VOTING - CLICK HERE
for closing snapshot https://tmsnrt.rs/3VLbw49
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
