Stocks rose on Monday, with technology shares bouncing back after a challenging week. Investors also considered the news of a pause in hostilities between the U.S. and Iran.
The Dow Jones Industrial Average increased by 272 points (0.5%), the S&P 500 rose 0.8%, and the Nasdaq Composite gained 1.3%.
Market participants closely watched U.S. tech stocks, which experienced significant swings last week.
SpaceX shares went up 3% following Nasdaq’s announcement last week that Elon Musk’s satellite company will be accelerated onto the Nasdaq 100 next month. Meta Platforms rose 2%, Alphabet increased 2.7%, and Amazon gained 2%.
Source (CNBC)
