The Dow Jones Industrial Average closed at 34,393.75 on Monday with a loss of 85.85 points or -0.25%. The S&P 500 closed at 4,255.15 for a gain of 7.71 points or 0.18%. The Nasdaq Composite closed at 14,174.14 for a gain of 104.72 points or 0.74%. The VIX Volatility Index was higher at 16.39 for a gain of 0.74 points or 4.73%.
Monday’s Market Movers
U.S. stocks ended mostly higher Monday, with the Wilshire 5000 up 0.12%. The Nasdaq Composite gained nearly 1% for the day. Tech stock gains were led by semiconductors and social media. The iShares PHLX Semiconductor ETF (SOXX, Financial) gained 1.42% and the Global X Social Media ETF (SOCL, Financial) gained 1.21%. The S&P 500 Materials Select Sector SPDR Fund (XLB) lost-1.23%.
Investors will be watching the Federal Open Market Committee, which begins its June meeting on Tuesday and concludes Wednesday. The Fed has maintained its dovish and transient stance, even with inflation rising considerably. Retail sales and the Producer Price Index will also be released this week.
In other news:
- Biden made headway on issues with China and infrastructure at the G-7 Summit. Global leaders also agreed on vaccine efforts.
- The Treasury held auctions for 3-month bills at a rate of 0.025%and 6-month bills at a rate of 0.040%.
- AMC Entertainment (AMC, Financial) 15.6%
- Luokung Technology (LKCO) 26.55%
- Marathon Digital Holdings (MARA) 12.77%
- Grayscale Digital (GDLC) 9.96%
- Square (SQ) 5.29%
- Roku (ROKU, Financial) 5.15%
- Apple (AAPL, Financial) 2.46%
- Biogen (BIIB) 2.40%
- Netflix (NFLX) 2.28%
- Intel (INTC) gained 0.59% on new infrastructure processing units.
Small-Cap Stocks
In small-caps, the Russell 2000 closed at 2,326.15 for a loss of 9.66 points or -0.41%. The S&P 600 closed at 1,387.32 for a loss of 8.93 points or -0.64%. The Dow Jones U.S. Small-Cap Growth Index closed at 15,315.80 for a loss of 7.85 points or -0.05%. The Dow Jones U.S. Small-Cap Value Index closed at 11,565.95 for a loss of 148.15 points or -1.26%.
Other Notable Indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 2,726.42 for a loss of 25.75 points or -0.94%; the S&P 100 at 1,937.21 for a gain of 7.62 points or 0.39%; the Nasdaq 100 at 14,128.20 for a gain of 129.90 points or 0.93%; the Russell 3000 at 2,546.78 for a gain of 3.11 points or 0.12%; the Russell 1000 at 2,395.83 for a gain of 3.86 points or 0.16%; the Wilshire 5000 at 44,560.79 for a gain of 51.57 points or 0.12%; and the Dow Jones US Select Dividend Index at 860.45 for a loss of 7.15 points or -0.82%.
