Nasdaq Extends Winning Streak on Tech Strength, Dow Jones DJIA Adds Modest Gain
Monday saw U.S. stocks closing higher, with the Nasdaq leading the day with more gains and the Dow gaining a little.
Quick overview
- U.S. stocks closed higher on Monday, with the Nasdaq leading gains and reaching all-time highs.
- Traders are optimistic ahead of Wednesday's FOMC decision, anticipating an initial rate cut and potential further easing.
- Sector performance was mixed, with telecommunications services leading gains while consumer staples and healthcare lagged.
- Big tech stocks like Tesla and Alphabet saw significant increases, contributing to overall market confidence.
Live DOW Chart
Monday saw U.S. stocks closing higher, with the Nasdaq leading the day with more gains and the Dow gaining a little.
U.S. equities finished the day with strong gains as traders looked ahead to Wednesday’s FOMC decision, betting on an initial rate cut and the possibility of further easing before year-end. The optimism set the stage for another record-setting session across key benchmarks.
Nasdaq Leads Another Record Run
The Nasdaq once again stood out as the session’s top performer, closing at fresh all-time highs and underscoring investor enthusiasm for growth and innovation. The S&P 500 also ended at a record level, further highlighting the strength of the rally.
Nasdaq Chart Daily – Continuing to Break the Records
Sector performance was mixed, with telecommunications services jumping 2.34% to lead the advance, while consumer staples and healthcare slipped more than 1%, showing selective rotation among investors. Out of eleven S&P sectors, six finished lower and five posted gains.
Dow and Nasdaq End Higher as Markets Extend Gains
- Dow Jones Industrial Average: Added 49.23 points (+0.11%), closing at 45,883.45. The blue-chip index posted a modest advance, reflecting steady sentiment in heavyweight stocks.
- S&P 500: Gained 30.99 points (+0.47%), finishing at 6,615.28, with strength across technology, industrials, and financials lifting the broader benchmark.
- Nasdaq Composite: Surged 207.65 points (+0.94%) to 22,348.75, continuing its leadership role as mega-cap tech names fueled strong upside momentum.
- Russell 2000: Climbed 8.07 points (+0.34%) to 2,405.13, showing that small-cap stocks are also participating in the ongoing equity rally, albeit at a slower pace than tech-heavy peers.
Big Tech Headlines the Session
Individual stock moves played a key role in today’s market narrative. Tesla rose 3.62%, adding to its strong momentum this month. Alphabet surged 4.53%, pushing its market value past the historic $3 trillion mark and joining Microsoft, Apple, and Nvidia in the elite group of trillion-dollar giants. Nvidia, however, saw pressure after China accused the company of violating anti-monopoly laws, though the dip did little to derail broader tech optimism.
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Telecommunication Services +2.34%
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Consumer Discretionary +1.09%
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Information Technology +0.82%
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Industrials +0.45%
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Utilities +0.15%
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Energy -0.30%
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Financials -0.22%
Broad Market Confidence
The combination of dovish Fed expectations and strong performances from mega-cap technology names continues to fuel investor appetite for equities. With the Dow and S&P climbing steadily and small-caps also in the green, market momentum remains decisively positive as Wall Street heads into a pivotal Fed week.
Dow Jones Live Chart
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