The S&P 500 Index ($SPX) (SPY) Monday closed up +0.39%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.71%.
Stocks on Monday settled mixed, with the Dow Jones Industrials falling to a 1-1/2 week low. The broader market found support on Monday as some positive corporate news boosted technology stocks. Tesla closed up more than +5% after Bloomberg reported that President-elect Trump’s transition team members have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department’s priorities. Also, Advance Micro Devices closed up more than +3% after IBM reported it entered into a pact with the company to supply it with MI300x accelerator chips for its cloud network. Bond yields on Monday gave up an early advance and turned lower, another supportive factor for stocks.
