With investors mostly shifting away from technology companies on Monday, the Dow Jones Industrial Average increased as the second half of 2024 got underway. The Dow with 30 stocks increased by 215 points, or 0.5%.
The Nasdaq Composite remained close to the flatline as the S&P 500 increased by 0.1%. stocks of technologies The leader in artificial intelligence, Nvidia, fell around 3% and led the broader market for chip companies, which also included Broadcom, Qualcomm, and AMD, while Microsoft and Alphabet traded slightly lower.
The S&P 500 gained 14.5% in the first half, while the Nasdaq Composite gained 18.1%, thanks to the ongoing optimism surrounding artificial intelligence and firms like Nvidia.
Due to a decline in the second quarter, the Dow Jones Industrial Average underperformed, rising 3.8%.
Source (CNBC)
