US stocks mixed as tech gains, Dow slips 36 points
US stocks closed mixed on Monday as technology shares rallied, with the Nasdaq up 1.1 per cent while the Dow fell 0.1 per cent. Amazon and Tesla led gains, though Meta and Apple declined. Investors await Tesla and Meta earnings later this week.
US stocks ended mixed on Monday, with technology shares broadly higher as investors looked ahead to quarterly results from Tesla and Meta later this week.
The Dow Jones Industrial Average slipped 36 points, or nearly 0.1 per cent, to 51,966. The Nasdaq Composite rose 290 points, or 1.1 per cent, to 26,430. The S&P 500 gained 31 points, or 0.4 per cent, to 7,690.
Most large technology stocks advanced. Amazon climbed nearly 5 per cent, Tesla rose close to 4 per cent, and Microsoft and Alphabet each gained 1 per cent or more. Meta fell about 0.6 per cent, while Apple was slightly weaker.
The Philadelphia Semiconductor Index ended its eight-session losing streak, closing up nearly 2 per cent. Micron Technology rose almost 3 per cent, Intel gained more than 2 per cent, and Nvidia advanced over 1 per cent.