US Market Indexes Higher on Monday With Gains From Tech Stocks

U.S. market indexes were higher Monday. The Dow Jones Industrial Average closed at 24,813.69 for a gain of 178.48 points or 0.72%. The S&P 500 closed at 2,746.87 for a gain of 12.25 points or 0.45%. The Nasdaq Composite closed at 7,606.46 for a gain of 52.13 points or 0.69%. The VIX Volatility Index was lower at 12.73 for a loss of -0.73 points or -5.42%.

Monday’s market movers

The technology sector helped U.S. market indexes to gain Monday. Positive insights around Apple’s Worldwide Developers Conference fueled valuations in the sector. Apple (NASDAQ:AAPL) itself gained 0.84%, reporting a record closing high of $191.83 on Monday. The Nasdaq Composite also reported a record closing high with a gain of 0.69% on Monday.

Factory orders was the only major report on the economic calendar Monday. Factory orders reported a -0.8% monthly increase following a 1.7% increase in the prior month.

The Treasury also held auctions for three-month and six-month Treasury bills at the following rates:

Three-Month Treasury Bill: 1.910% Six-Month Treasury Bill: 2.070%

In the Dow Jones Industrial Average, the following stocks led gains:

Small-cap stocks

In small-caps, the Russell 2000 closed at 1,653.37 for a gain of 5.39 points or 0.33%. The S&P 600 closed at 1,025.08 for a gain of 9.51 points or 0.94%. The Dow Jones Small-Cap Growth TSM Index closed at 10,224.70 for a gain of 30.59 points or 0.30%. The Dow Jones Small-Cap Value TSM Index closed at 10,445.20 for a gain of 54.09 points or 0.52%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,968.20 for a gain of 9.87 points or 0.50%; the S&P 100 at 1,207.65 for a gain of 5.64 points or 0.47%; the Russell 3000 at 1,634.99 for a gain of 7.60 points or 0.47%;

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