Samantha Subin is a digital news associate with CNBC.
The S&P 500 rose Monday to close at a fresh record as Wall Street looked to build on last week’s gains. The broad index added 0.77% to finish at 5,473.23, while the Nasdaq Composite surged 0.95% to settle at 17,857.02. The Dow Jones Industrial Average added 188.94 points, or 0.49%, to end at 38,778.10 and snap a four-day losing streak. “Today is a follow through from what we’ve seen over the last week,” said Greg Bassuk, CEO at AXS Investments.
Alphabet, Amazon and Meta Platforms also finished higher. Nvidia notched a fresh all-time high — but ultimately closed slightly lower — as State Street said the chipmaker will likely have a more than 20% weighting in the rebalance of its tech exchange-traded fund. Broadcom shares added 5.4% to hit new highs and build on last week’s 23% advance. Monday’s gains come after the S&P 500 and Nasdaq posted their seventh weekly gain in eight weeks.
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