US Equity Indexes Remain Mixed in Final Leg of Trading

MT Newswires Live04:56

US equity indexes traded mixed ahead of the close on Monday as mega-cap technology names pushed the S&P 500 and the Nasdaq Composite higher.

The Nasdaq advanced 0.9% to 23,244.1, the S&P 500 climbed 0.5% to 6,967.3, while the Dow Jones Industrial Average was steady at 50,135.7. Health care and consumer staples led the decliners.

Among companies with a market capitalization of more than $200 billion, the top gainers were Oracle (ORCL), Nvidia (NVDA), Broadcom (AVGO), Microsoft (MSFT), and Meta Platforms (META), according to data compiled by Finviz.

D. A. Davidson upgraded Oracle to buy from neutral, with a price target of $180. Shares of Oracle were up 10%, among the top gainers on the S&P 500.

In economic news, consumer expectations for one-year US inflation growth slowed to 3.1% in January from 3.4% gain in the previous month, according to a survey released by the New York Federal Reserve Bank on Monday. The median inflation growth expectations remained at 3.0% both for three and five years ahead.

Most US Treasury yields fell, with the 10-year leaning lower to 4.2%.

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