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Stocks rose Monday led by a broad array of names as traders bet data set for release this week will point to tame inflation and strong economic activity.
The Dow Jones Industrials gained 31.7 points to begin the week at 48,489.75,
The much-broader index inched up 9.4 points to 6,836.81.
The NASDAQ edged 0.06 points to 23,195.23.
Nvidia shares rose climbed more than 1%. Names outside of tech were also higher. For instance, bank stocks such as Goldman Sachs and Morgan Stanley advanced around 1% each.
Those moves come after the S&P 500 and NASDAQ fell last week, as Oracle and Broadcom led a rotation away from artificial intelligence. The S&P 500 lost 0.6% last week, while the NASDAQ shed 1.7%.
The Dow, which is less exposed to tech and AI than the other two benchmarks, rose 1.1%.
Oracle plunged 12.7% for the week, while Broadcom shed more than 7%. The S&P 500 tech sector dropped 2.3%.
Prices for the 10-year Treasury moved slightly lower, raising yields to 4.16% from Friday’s 4.15%. Treasury prices and yields move in opposite directions.
Oil prices slumped 40 cents to $57.04.
Gold prices brightened $34.80 to $4,363.10.
