The Dow Jones industrial average rose 0.29 percent to 36,432.22 points. Nasdaq Technology, meanwhile, rose just 0.07% to 15,983.36, its new highest level. Similarly, the S&P 500 closed with a marginal gain of 0.09% at 4,701.70 units in its eighth consecutive record.
The New York Stock Exchange held steady higher on Monday, with modest gains but enough to set new records for its top three indices.
The Dow Jones advanced 0.29% to 36,432.22 points.
While Nasdaq Technology rose just 0.07% to 15,983.36, its new highest level, and the S&P 500 closed at 4,701.70 units with a slight increase of 0.09%, its eighth consecutive record.
Investors are in a position to get new US inflation figures and new company results on Tuesday and Wednesday.
The Producer Price Index (PPI) and Consumer Price Index (CPI) for October are expected Tuesday and Wednesday. Analysts expect the CPI index to rise to 5.9% in 12 months in October from 5.4% in September.
Wells Fargo analysts noted that market sentiment was “encouraged by the prospect of additional public spending” following the passage of President Joe Biden’s 1. 1.2 trillion infrastructure bill.
Among the values of the day, the advance of the Nasdaq was limited by the fall of Tesla.
The electric-car maker’s title fell 4.84% to $ 1,162.94.
The stock lost more than 6% to $ 1,158.04 a share after the opening.
Amid solid political pressure on US millionaires, with calls for the ultra-rich to pay more taxes, Musk launched a poll Saturday on Twitter asking whether he should sell a portion of his shares in the firm.
More than 3.5 million of his followers voted, and 57.9% answered “yes.”
Musk owned 17% of Tesla’s outstanding shares as of June 30, worth $ 208.37 billion as of Friday’s close. So if it sells 10%, it would represent almost $ 21 billion in shares suddenly introduced to the market.
The parent company of Google, Alphabet, meanwhile, gave something to talk about after touching the historical capitalization of 2 billion dollars, with its shares for the first time at 3,000 dollars, which placed it for a few moments in the club of Apple and Microsoft.
The GOOG share finally ended at $ 2,987.03, with a marginal increase of 0.07%.
With the reopening of borders in the United States to vaccinated travelers, airline titles rose: Delta gained 0.81%, United 0.76%, and American Airlines 1.97%.
Meanwhile, Bitcoin rose more than 5% to a new record of $ 66,300 at around 9:00 p.m. GMT, in a market with a risk appetite.