Rising technology stocks helped U.S. indexes recover more of their holiday-season slide that bridged the new year.
The S&P 500 climbed 0.6 percent Monday, its second straight gain following five straight losses. The Dow Jones Industrial Average lost an early gain to slip 0.1 percent, and the Nasdaq composite rose 1.2 percent.
Nvidia was the strongest force lifting the S&P 500 ahead of a speech by CEO Jensen Huang at the annual CES convention in Las Vegas after trading ends for the day. Treasury yields were relatively steady after a report showed strength among U.S. services businesses.
On Monday:
The S&P 500 rose 32.91 points, or 0.6 percent, to 5,975.38.
The Dow Jones Industrial Average fell 25.57 points, or 0.1 percent, to 42,706.56.
The Nasdaq composite rose 243.30 points, or 1.2 percent, to 19,864.98.
The Russell 2000 index of smaller companies fell 1.83 points, or 0.1 percent, to 2,266.65.
For the year:
The S&P 500 is up 93.75 points, or 1.6 percent.
The Dow is up 162.34 points, or 0.4 percent.
The Nasdaq is up 554.19 points, or 2.9 percent.
The Russell 2000 is up 36.49 points, or 1.6 percent.
The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.
