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The Dow Jones Industrial Average climbed higher Monday as Wall Street entered the last week of June and the first half of 2024 near record highs.
The 30-stock index popped 321.57 points to 39,471.90.
The S&P 500 regained 25.85 points to 5,490.47.
The NASDAQ recovered 38.6 points to 17,727.96.
Nvidia fell 2.6%, adding to its 4% decline last week that snapped an eight-week winning streak. The pullback occurred after Nvidia briefly dethroned Microsoft as the most valuable company in the U.S. Chart analysts also pointed to bearish patterns in Nvidia’s recent trading.
Despite the pullback, shares are still up about 150% for the year, making them the second best performer in the S&P 500.
There are also a number of key companies earnings this week, including FedEx, Micron, Walgreens Boots Alliance and Nike.
Stocks are coming off a record-setting week, with the S&P 500 and NASDAQ notching fresh all-time highs.
Prices for the 10-year Treasury gained a bit, lowering yields 4.25% from Friday’s 4.26%. Treasury prices and yields move in opposite directions.
Oil prices climbed 28 cents at $81.01 U.S. a barrel.
Gold prices reclaimed $9.40 to $2,340.90
