Stock Market Today: S&P 500 closes higher as tech continues to reign supreme

Investing.com-- The S&P 500 closed higher Monday, underpinned by tech as stocks kicked off the second half of the year on the front foot ahead of a crucial monthly jobs report due later this week.rose 0.8%. The main indices have started the new week--shortened by Thursday's Independence Day holiday--on a positive note, adding to the gains seen in the previous quarter.

"Powell is likely to continue to emphasize that while the latest data point is a step in the right direction, Fed officials will need to see several more positive prints before gaining sufficient confidence to begin cutting rates," Deutsche Bank said in a recent note. On the manufacturing front, data showed the U.S. manufacturing activity unexpectedly fell further into contraction territory in June, with reading of 48.5, below estimates of 49.2. A reading below 50 indicates contraction.), up 3.4%, for $4.

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