Stocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several...
Stocks closed higher on Wall Street at the start of a holiday-shortened week.
The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 1%.
Honda's U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors. Eli Lilly rose after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Treasury yields rose in the bond market.
The Dow Jones Industrial Average rose 66.69 points, or 0.2%, to 42,906.95.
The Nasdaq composite rose 192.29 points, or 1%, to 19,764.89.
The Russell 2000 index of smaller companies fell 4.93 points, or 0.2%, to 2,237.44.
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.