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On Monday, major U.S. stock indices ended the trading session near their peak, despite a rise in the country’s yields. The ten-year yield experienced an increase of about 11 basis points, while the thirty-year yield rose by 14 basis points.
This recovery comes after the S&P and NASDAQ indices experienced a decline for three successive weeks. The Dow industrial average climbed by 43.35 points or 0.13%, closing at 34007.22. Meanwhile, the S&P index saw an uptick of 17.41 points or 0.40%, ending at 4337.45, and the NASDAQ index increased by 59.5 points or 0.45%, closing at 13271.31.
Among the companies that witnessed gains in their share prices were Roblox, with an increase of 3.19%, Qualcomm (NASDAQ:) which rose by 2.55%, FedEx (NYSE:) with an increase of 2.03%, Block with a rise of 1.96%, and Intuitive Surgical (NASDAQ:) with a gain of 1.75%. PayPal (NASDAQ:) also saw an increase of 1.69%, while Celsius and Amazon (NASDAQ:) both experienced a rise of 1.67%. General Motors (NYSE:) rounded off the list with a gain of 1.50%.
Despite these gains, not all companies had a positive day on the market. Papa John’s shares fell by 3.33%, Southwest Airlines (NYSE:) experienced a decline of 2.01%, and Moderna (NASDAQ:) saw its shares drop by 1.82%. CrowdStrike (NASDAQ:) witnessed a fall of 1.63%, Alibaba (NYSE:) had a decrease of 1.25% and Western Digital (NASDAQ:)’s shares were down by 1.15%. Biogen (NASDAQ:) saw a dip of 1.03% while Doordash and Chipotle (NYSE:) experienced decreases in their share prices by 0.93% and 0.88% respectively.
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