U.S. stock markets ended the trading day higher on Monday, paced by advances in the Consumer Goods, Technology and Industrials sectors. At the New York Stock Exchange close, the Dow Jones Industrial Average rose 0.30% to register a fresh all-time high. The S&P 500 climbed 0.72%, and the Nasdaq Composite added 1.12%.
On the Dow, Boeing Co (NYSE:BA) led the gainers among the blue-chip components, closing up 3.55% - a rise of 8.05 points - to finish at 234.54. International Business Machines (NYSE:IBM) added 3.45%, or 10.00 points, to end the session at 299.52. Goldman Sachs Group Inc (NYSE:GS) also outperformed, gaining 3.36% or 34.29 points to close at 1,055.29.
Not all Dow members were higher. Merck & Company Inc (NYSE:MRK) finished lower by 2.13% - down 2.76 points - at 126.80. The Walt Disney Company (NYSE:DIS) declined 2.10%, or 2.09 points, to 97.41, and Amgen Inc (NASDAQ:AMGN) fell 2.06%, or 7.70 points, to 366.45.
Across the S&P 500, Arista Networks (NYSE:ANET) was the top performer, climbing 8.31% to 173.28. Western Digital Corporation (NASDAQ:WDC) advanced 7.17% to settle at 577.64, and Tesla Inc (NASDAQ:TSLA) gained 6.69% to close at 419.77.
Conversely, retail auto names and a real estate stock weighed on the index in late trade. O’Reilly Automotive Inc (NASDAQ:ORLY) dropped 6.66% to 84.24, AutoZone Inc (NYSE:AZO) lost 6.32% to settle at 2,959.54, and Alexandria Real Estate Equities Inc (NYSE:ARE) fell 5.17% to 49.86.
The Nasdaq Composite featured several extreme percentage moves among smaller-cap names. Lianhe Sowell Int Group (NASDAQ:LHSW) surged 277.77% to 6.80. Utime Ltd (NASDAQ:FXHO) climbed 171.53% to 19.55, and Zhongchao Inc (NASDAQ:ZCMD) gained 101.80% to close at 2.24.
Decliners on the Nasdaq included Ree Automotive Holding Inc (NASDAQ:REE), which plunged 63.35% to 0.08, Alarum Technologies Ltd (NASDAQ:ALAR), down 51.65% to 3.07, and Julong Holding Ltd (NASDAQ:JLHL), which retreated 48.89% to 3.69 at the close.
On the New York Stock Exchange, advancing issues outnumbered decliners by 1,507 to 1,234, with 94 unchanged. On the Nasdaq, 1,891 stocks rose, 1,550 fell, and 160 finished unchanged.
Several names moved to fresh lows during the session. O’Reilly Automotive Inc (NASDAQ:ORLY) traded at a 52-week low following its 6.66% drop, and Ree Automotive Holding Inc (NASDAQ:REE) fell to an all-time low after losing 63.35% of its value. Alarum Technologies Ltd (NASDAQ:ALAR) also recorded a 52-week low after a 51.65% decline.
Measures of market stress eased. The CBOE Volatility Index, which tracks implied volatility on S&P 500 options, fell 1.58% to 15.56, marking a one-month low.
Commodities and currencies saw mixed movement. Gold futures for August delivery rose 1.18% - an increase of 48.59 - to $4,174.29 a troy ounce. U.S. crude oil for August delivery was unchanged at $68.69 a barrel, while the September Brent contract slipped 0.04% or $0.03 to $72.09 a barrel.
In foreign exchange trading, the euro versus the dollar was essentially flat, recorded as unchanged at 1.14, while the dollar-yen pair strengthened 0.43% to 162.07. The U.S. Dollar Index futures were up slightly, trading 0.01% higher at 100.63.
Market snapshot
- Dow Jones Industrial Average: +0.30% (new all-time high)
- S&P 500: +0.72%
- Nasdaq Composite: +1.12%
- CBOE Volatility Index (VIX): -1.58% to 15.56 (one-month low)
Notable movers
- Gainers: ANET, WDC, TSLA, BA, IBM, GS
- Decliners: ORLY, AZO, ARE, MRK, DIS, AMGN
This session’s breadth showed more advancing issues than decliners on both major U.S. exchanges, while select individual equities experienced outsized percentage swings in either direction. Commodities and foreign exchange were mixed, and implied equity volatility eased to a one-month low.