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Stock market today (May 7, 2024): Wall Street rises to add to last week’s gains

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U.S. stocks rose Monday and added to their gains from last week, as technology companies once again led the way. The S&P 500 rose 52.95, or 1%, to 5,180.74. The Dow Jones Industrial Average added 176.59, or 0.5%, to 38,852.27, and the Nasdaq composite jumped 192.92, or 1.2%, to 16,349.25.

U.S. stocks rose Monday and added to their gains from last week, as technology companies once again led the way.

Vistra, an electricity and power generation company, rose 2.1% after investors learned it will join the widely tracked S&P 500 index on Wednesday. Freshpet jumped 10.4% after reporting better results than expected in large part because it sold 30% more food for cats and dogs, and But several more big names are still on the way this week, including The Walt Disney Co. and Uber Technologies.

 

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