The S&P 500 surged 0.31% to 4,121.35. The Dow Jones jumped 0.05% to 32,915.78. The NASDAQ Composite gained 0.40% to 12,061.37, and the small-cap Russell 2000 climbed 0.36% to 1,889.89.
US stocks gained slightly on Monday amid a lingering fear over inflation. Amazon (Nasdaq: AMZN) stock saw an increase on the first day of trading after the 20-1 stock split adjustment.
The shares of DiDi Global Inc. (NYSE: DIDI) jumped over 39% to US$2.5871 at 1:29 pm ET on Monday, following the announcement by Chinese regulators to lift a ban on the company from adding new users to its platform.
Shares of Alibaba Group Holding (NYSE: BABA) also surged on Monday by over 6% on the news that Chinese regulators would lift the crackdown on internet companies.
Twitter Inc’s (NYSE: TWTR) shares plummeted after Elon Musk threatened to rescind the deal if the social media platform does not comply with sharing the data of its fake accounts.
Basic materials, consumer cyclicals, technology, utilities, industrials, financials, and consumer non-cyclicals were the top gainers on Monday. Healthcare, energy and real estate were the bottom movers for the day.
In the basic materials sector, Linde plc (LIN) gained 1.09%, Rio Tinto Group (RIO) moved up 1.40%, and The Sherwin-Williams Company (SHW) climbed 2.29%.
In the consumer cyclicals sector, Tesla, Inc. (TSLA) surged 1.60%, Alibaba Group Holding Limited (BABA) gained 6.22%, and Toyota Motor Corporation (TM) ascended 0.47%.
In the healthcare sector, Johnson & Johnson (JNJ) fell 0.01%, AbbVie Inc. (ABBV) tanked 0.43%, and Novo Nordisk A/S (NVO) slipped 0.23%.
In the crypto space, Bitcoin (BTC) and Ethereum (ETH) gained 4.84% and 2.54%, respectively. The global crypto market surged 2.94% to US$1.28 over the last day.
Futures and Commodities
Gold futures were down 0.34% to US$1,843.90 per ounce. Silver increased by 0.85% to US$22.095 per ounce, while copper fell 0.95% to US$4.4295.
Brent oil futures tumbled by 0.10% to US$120.06 per barrel and WTI crude was up 0.45% to US$119.40.
The 30-year Treasury bond yields were up 2.50% to 3.191, while the 10-year bond yields rose 2.87% to 3.040.
US Dollar Futures Index increased by 0.24% to US$102.410.