Stocks Tick Up Monday, Pushing S&P 500 Close to Record High

Stocks ticked up this week, continuing the trend we have seen the last couple weeks, and putting S&P 500 near its record high.

S&P 500 is close to a new high thanks to weeks of gains.

Quick overview

  • The U.S. stock market started the week positively, with the S&P 500 up 0.27% and nearing its all-time high.
  • Despite ongoing trade tensions with China, stocks have shown resilience, closing high for two consecutive weeks.
  • Major retailers like Walmart and Target are demonstrating strong performance, indicating positive buying trends.
  • Tech stocks have experienced volatility but recently rallied, highlighting the need for cautious investment amid tariff concerns.

The U.S. stock market climbed Monday as the trading week started, with the S&P 500 inching up 0.27% and only 3% off its all-time high.

Slightly bullish stock markets show promise for a strong economy.
Slightly bullish stock markets show promise for a strong economy.

Despite the ongoing trade war with China, U.S. stocks have closed high for two consecutive weeks, and Monday seems to be off to a good start. The Nasdaq Composite gained 0.40% in Monday trading at the time of writing, and the Dow Jones was up by 0.22%. The S&P 500 continues its gains with an added 0.27% and inches closer to its record high.

While several stocks have had a tumultuous few weeks, namely Nvidia (NVDA) and Tesla (TSLA),  the overall trend of the stock market has been to shift slightly upward. This indicates a strengthening economy, in spite of tariff issues, sticky inflation, and a less than stellar jobs report.

Will the Stock Market Continue to Rise This Week?

Investors may wonder if the strength of the economy can continue to keep the stock market propped up for another week. They should keep in mind that even though tariffs are still an ever present issue and the trade war continues, the severest tariffs have been put on pause, including those between China, the United States, and the European Union. The remaining tariffs in effect are not as high, and that is allowing businesses to keep customers happy.  

Investors can look at major retailers to see where the buying trends are, and Walmart (WMT) is a good example of that. This stock may be down slightly for the day, but it has climbed over the last few months, outpacing much of the other stocks in its niche. During April, when many stocks plummeted, Walmart stock actually skyrocketed, and it is up nearly 11.5% over the last three months.

Target (TGT) is another stock worth looking at for long-term trends. This stalwart stock is up 0.83% today and has remained steady over the last couple months, holding onto its stock value.

Tech stocks have done well in the last few weeks, and we saw a tech rally last week that helped push Nvidia back to the top in global market capitalization. But these stocks are also volatile, and investors need to be careful about buying them while they are high. They tend to be the stock most affected by stiff tariffs, especially with the United States trying to win the tech war with China and restricting what kind of chips can be sold to their trade partner. Investors should be aware of these trends and should expect the market to remain volatile but overall slightly bullish this week. 

 

ABOUT THE AUTHOR See More
Timothy St. John
Financial Writer - European & US Desks
Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.

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