Stocks took a step back on Monday, with both the S&P 500 and Nasdaq Composite retreating from their recent all-time highs, despite a surge in technology stocks related to the artificial intelligence sector.
The S&P 500 declined by 0.12% to close at 5,130.95, while the Nasdaq Composite slipped by 0.41% to 16,207.51. The Dow Jones Industrial Average also experienced a decrease of 97.55 points, or 0.25%, finishing the day at 38,989.83.
Following these declines, the broad S&P 500 and the tech-focused Nasdaq pulled back from their record-setting levels reached last week.
However, losses were offset by notable gains in AI frontrunner Nvidia, which saw an increase of more than 3%.
Super Micro Computer saw a remarkable surge of 18% after the announcement from S&P Dow Jones Indices that it would be added to the S&P 500 later in the month.
Source (CNBC)
