Stocks Rise on Wall Street Ahead of Holiday Week

Stocks finished higher on Wall Street as trading began for a holiday-shortened week.

The S&P 500 advanced by 0.7% on Monday, driven by strong performances from major technology firms like Nvidia and Broadcom. The Dow Jones Industrial Average gained 0.2%, while the Nasdaq composite saw a significant rise of 1%.

In individual stock news, shares of Honda surged after the company announced discussions for a potential merger with Nissan, which could also involve Mitsubishi Motors. Additionally, shares of Eli Lilly increased following the announcement of Zepbound as the first prescription treatment for adults suffering from sleep apnea, after receiving regulatory approval.

In the bond market, Treasury yields saw an increase.

Stock Performance on Monday

On Monday, here’s how the major indexes closed:

• The S&P 500 climbed 43.22 points, or 0.7%, to close at 5,974.07.
• The Dow Jones Industrial Average was up 66.69 points, or 0.2%, finishing at 42,906.95.
• The Nasdaq composite rose by 192.29 points, or 1%, ending the day at 19,764.89.
• The Russell 2000 index that tracks smaller companies dipped slightly, falling by 4.93 points or 0.2% to 2,237.44.

Year-to-Date Performance

Looking at the broader market year-to-date:

• The S&P 500 has increased by 1,204.24 points, or 25.2%.
• The Dow is up by 5,217.41 points, or 13.8%.
• The Nasdaq has risen 4,753.53 points, which is a 31.7% gain.
• The Russell 2000 index has seen a growth of 210.36 points or 10.4%.

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