NEW YORK - The Nasdaq surged to a record high close on Monday , while the S&P 500 approached its own record level, with both indexes lifted by Nvidia and other technology stocks.
In June, the Nasdaq became the first of the major Wall Street indexes to recoup its coronavirus-induced losses as several of its largest constituents, including Amazon.com Inc and Netflix Inc, benefited from curbs on social activity. The S&P 500 retailing index climbed 1.4%, with heavyweights Walmart Inc and Target Corp also set to report results this week.
As of Friday, 457 companies in the S&P 500 had posted results, of which 81.4% came in above dramatically lowered expectations, according to Refinitiv data. The Dow Jones Industrial Average fell 0.31% to end at 27,844.91 points, while the S&P 500 gained 0.27% to 3,381.99. The Nasdaq Composite climbed 1% to 11,129.73, its fifth closing high this month.