On Monday, the stock market saw a slight upward movement as momentum slowed on Wall Street after a strong start to the year. The S&P 500 inched up 0.1 percent, reaching its highest level since April 2022. Meanwhile, the Dow experienced a minor increase of less than 0.1 percent, and the Nasdaq composite rose by 0.2 percent.
One notable gainer was Tesla, which reported a significant surge in the number of vehicles delivered during the spring compared to the previous year. However, the rest of the market remained relatively quiet. The U.S. stock market closed early at 1:00 p.m. Eastern time and will be closed on Tuesday in observance of Independence Day.
Here is a breakdown of the market performance on Monday:
– The S&P 500 rose by 5.21 points or 0.1 percent, closing at 4,455.59.
– The Dow Jones Industrial Average increased by 10.87 points or less than 0.1 percent, finishing at 34,418.47.
– The Nasdaq composite saw a gain of 28.85 points or 0.2 percent, ending at 13,816.77.
– The Russell 2000 index, which tracks smaller companies, rose by 8.05 points or 0.4 percent, closing at 1,896.78.
Looking at the year-to-date performance:
– The S&P 500 has gained 616.09 points or 16 percent.
– The Dow has increased by 1,271.22 points or 3.8 percent.
– The Nasdaq has surged by 3,350.29 points or 32 percent.
– The Russell 2000 has risen by 135.53 points or 7.7 percent.
It is important to note that the information provided in this article is for general informational purposes only and should not be considered as a recommendation or solicitation for investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times, the source of this article, does not provide these services and holds no liability for the accuracy or timeliness of the information provided.
Overall, the stock market exhibited a modest upward trend on Monday, reflecting a slowdown in momentum after a strong start to the year. Investors will be closely monitoring market developments as trading resumes after the Independence Day holiday.
Source link
