Nasdaq Hits Record High, S&P 500 Rises on Megacap Tech Strength
The Nasdaq reached all-time highs and the S&P 500 rose on Monday, driven by gains in most megacap and growth stocks, including Nvidia. Treasury yields held near multi-year highs, tempering risk sentiment.
The benchmark S&P 500 rose and the Nasdaq reached all-time highs on Monday as most megacap and growth stocks advanced, though risk sentiment remained in check as Treasury yields held near multi-year highs. Heavyweight tech stocks led the advance, with Nvidia and other megacap names helping support the broader market.