U.S. market indexes were higher Monday with the Standard & Poor's 500 closing at a new high.
For the day the S&P 500 closed at 2,137.16 for a gain of 7.26 points or 0.34%. The Dow Jones Industrial Average closed at 18,226.93 for a gain of 80.19 points or 0.44%. The Nasdaq Composite closed higher at 4,988.64 for a gain of 31.88 points or 0.64%. The VIX Volatility Index was higher on Monday at 13.56 for a gain of 0.36 points or 2.73%.
In the Dow Jones Industrial Average, the following stocks led gains for the day:
- Boeing (BA, Financial) 1.5%.
- Goldman Sachs (GS, Financial) 1.2%.
- Intel (INTC, Financial) 1.12%.
- American Express (AXP, Financial) 1.09%.
- DuPont (DD, Financial) 0.86%.
The day’s leading economic report was the Labor Market Conditions Index. On Monday the report showed an improvement for the month of June. The Index was at -1.9 for the month which was above the prior revised reading of -3.6.
Technology was a leading sector for the day with the following stocks leading gains:
For the day, the Nasdaq traded above 5,000 for the first time. Technology stocks gained across the board Monday. In a CNBC report, market specialists discussed the tech sector’s gains and some of the leading tech stocks in the market.
Disclosure: I do not own any stocks included in this article.
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