Markets kicked off the new trading week on a broadly positive note, with technology leading the charge and the Nasdaq climbing 1.21% to close at 26,076.47. The S&P 500 added a modest 0.42%, settling at 7,672.46, while the Dow Jones Industrial Average essentially flatlined, dipping just 0.03% to 51,565.08 — a sign that Monday's gains were concentrated in growth-oriented names rather than the blue-chip index.
Amazon was the undisputed star of the session, rocketing 4.98% to $262.45 and providing a substantial lift to both the Nasdaq and the S&P 500. The move underscores continued investor appetite for mega-cap tech ahead of what promises to be a pivotal earnings season. Meanwhile, gold continued its ascent, with the precious metal trading at $4,146.21, reflecting ongoing demand for hard assets in an uncertain macro environment.
On the downside, JPMorgan Chase was among the notable laggards, falling 1.82% to $333.53 as financial sector sentiment softened. The divergence between tech strength and financial weakness hinted at a classic rotation trade playing out beneath the surface.
Small caps held their own, with the Russell 2000 advancing 0.31% to 2,701.95, suggesting the broader market rally had some width to it beyond just mega-cap momentum.