Equities Mostly Higher Amid Jump in Tech Stocks

MT Newswires Live01-07 04:48

US benchmark equity indexes were mostly higher ahead of Monday's close amid a surge in certain chipmaker and technology stocks.

The tech-heavy Nasdaq Composite was up 1.2% at 19,848.1, while the S&P 500 rose 0.5% to 5,971.8. The Dow Jones Industrial Average fell 0.1% to 42,683.7. Among sectors, tech and communication services paced the gainers, while real estate and utilities posted the biggest drops.

On Sunday, Taiwanese electronics manufacturer Hon Hai Precision, known as Foxconn, reported that its December revenue jumped 42% from a year earlier.

Shares of Micron Technology (MU), Super Micro Computer (SMCI), MicroStrategy (MSTR), ASML (ASML), Arm (ARM), and Nvidia (NVDA) were among the top gainers Monday.

The US 10-year yield rose 3.1 basis points to 4.63%, while the two-year rate was little changed at 4.28%.

West Texas Intermediate crude oil fell 0.7% to $73.45 a barrel.

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