S&P 500 closes higher with tech stocks leading the way

From Investing.com.: 2024-07-01 16:05:34

The S&P 500 closed higher on Monday, with tech stocks leading the way as the new week started positively ahead of a key jobs report later in the week. In the second quarter, the Nasdaq and Dow added 3.9% and 8.3% respectively, while the S&P lost 1.7%. Investors are looking ahead to the monthly jobs report on Friday for more insight into the labor market and Fed’s monetary policy outlook.

Boeing announced its $4.7 billion purchase of Spirit Aerosystems, sparking a boost in stock prices. Nvidia saw a minor increase after a positive analyst review, while Chewy and GameStop struggled after concerning news about stock influencers. Tesla preps for Q2 delivery report, with Nio seeing a surge in deliveries for June.



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