Update: US Equity Indexes Advance as Communication Services, Technology Top Sector Charts While Crude Oil Trades Steady
(Updates with index/price moves, macroeconomic data, and company news from the first paragraph.) US equity indexes rose ahead of the close on Monday, as communication services, technology, and consumer discretionary pushed the gauges higher. The Nasdaq jumped 1.1% to 26,121.16, the S&P 500 climbed 0.7% to 7,537.43, and the Dow Jones Industrial Average rose 0.3% to 53,055.91 at the close. Health care, utilities, and consumer staples led the decliners, signaling a risk-on day. Goldman Sachs adjusted the price target for Advanced Micro Devices (AMD) shares to $640 from $450. The chipmaker was up 6.6%, among the top performers in the S&P 500 and the Nasdaq. IBM (IBM) is expected to post a solid Q2 and modestly raise its 2026 guidance, supported by continued software momentum and early integration benefits from its recent Confluent acquisition, BofA Securities said Monday in a report. IBM shares traded 3.5% higher, among the top gainers in the Dow. Tesla's (TSLA) Robotaxi is now available in Miami, the company's official Robotaxi account said on X Friday. Shares were up 6.7%, among the biggest gainers on the S&P 500 and the Nasdaq. O'Reilly Automotive (ORLY) shares fell 6.7%,.
(Updates with index/price moves, macroeconomic data, and company news from the first paragraph.) US equity indexes rose ahead of the close on Monday, as communication services, technology, and consumer discretionary pushed the gauges higher.
The Nasdaq jumped 1.1% to 26,121.16, the S&P 500 climbed 0.7% to 7,537.43, and the Dow Jones Industrial Average rose 0.3% to 53,055.91 at the close.
Health care, utilities, and consumer staples led the decliners, signaling a risk-on day.
Goldman Sachs adjusted the price target for Advanced Micro Devices (AMD) shares to $640 from $450.
The chipmaker was up 6.6%, among the top performers in the S&P 500 and the Nasdaq.
IBM (IBM) is expected to post a solid Q2 and modestly raise its 2026 guidance, supported by continued software momentum and early integration benefits from its recent Confluent acquisition, BofA Securities said Monday in a report.
IBM shares traded 3.5% higher, among the top gainers in the Dow.
Tesla's (TSLA) Robotaxi is now available in Miami, the company's official Robotaxi account said on X Friday.
Shares were up 6.7%, among the biggest gainers on the S&P 500 and the Nasdaq.
O'Reilly Automotive (ORLY) shares fell 6.7%,.