U.S. stocks closed higher on Monday, with the Dow flipping positive near the closing bell, as technology stocks bounced back. The Dow Jones Industrial Average DJIA, +0.07% rose about 26 points, or 0.1%, ending near 35,308, according to preliminary FactSet data. The S&P 500 index SPX, +0.58% scored a 0.6% gain and the Nasdaq Composite Index COMP, +1.05% closed up 1.1%, booking its best daily percentage climb since July 28, according to FactSet data.
Alphabet GOOG, +1.28%, Microsoft MSFT, +0.94%, Amazon.com, Inc. and Nvidia Corp NVDA, +7.09% each advance Monday, while shares of Tesla Inc. closed 1.4% lower after the electric-vehicle maker cut the cost of two version of its Model Y SUV by about $1,900 each on Sunday. Big technology stocks have been under pressure in August, including as 10-year Treasury yields TMUBMUSD10Y, 4.199% have climbed, reaching about 4.19% on Monday, the second-highest level of the year, as of 3 p.m. Eastern.