NEW YORK (Reuters) – U.S. stock markets ticked higher Monday as gains in technology stocks offset weakness elsewhere, with investors also eyeing a looming government shutdown and awaiting a key U.S. jobs report. AP News+3Reuters+3Reuters+3
The S&P 500 rose 0.3 percent, the Nasdaq Composite climbed 0.5 percent, and the Dow Jones Industrial Average gained about 0.2 percent. Investopedia+2AP News+2
Sector trends were divergent. The technology and semiconductor sectors posted some of the strongest gains — chipmakers such as Nvidia, Micron, and Lam Research led the push higher. Reuters Communication Services also gained ground. In contrast, energy names were among the weakest, with ExxonMobil and Chevron sliding around 2.5 percent amid softer crude prices. AP News+2Reuters+2
Notable movers
- Electronic Arts jumped about 4.5 percent after confirmation of a $55 billion deal to take the videogame company private. Investopedia+2AP News+2
- Robinhood Markets, which rallied over 8 percent after its CEO posted that a trading milestone was achieved. Investopedia
- CSX, up about 3 percent after announcing a CEO change. Investopedia
- Western Digital and Seagate, each hitting record highs, buoyed by upbeat analyst commentary. Reuters+1
Markets also reacted to external pressures. Gold climbed to new highs, aided by a weaker dollar and heightened risk sentiment around the possible shutdown. Reuters+2Reuters+2 Meanwhile, Treasury yields slipped modestly, reflecting demand for safer assets. Reuters+1
Looking ahead, investors are focused on the nonfarm payrolls report due Friday, which could influence how aggressively the Federal Reserve will cut rates. AP News+2Reuters+2 Also drawing attention is the risk of a partial government shutdown beginning Wednesday, which may delay economic data releases and inject volatility. Reuters+1
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Ten years of experience reporting. From car chases and courtroom verdicts to House fires, Holsford thrives during breaking news and finds it a privilege to help drive the conversation in Rockland County and the Greater New York Area. Born in San Bernardino, Thomas is a New York boy at heart. He received his bachelor’s degree in broadcast journalism, specializing in political science and sociology, from the University of Illinois
