The S&P 500 Index ($SPX) (SPY) Monday closed up +0.97, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.58%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.32%.
US stocks Monday settled moderately higher, with the S&P 500 posting a 1-month high, the Nasdaq 100 posting a 3-1/2 week high, and the Dow Jones Industrials posting a 2-week high. Positive corporate news supported stocks Monday, with Advanced Micro Devices climbing more than +4% to lead chip stocks higher after acquiring server maker ZT Systems in a deal valued at $4.9 billion. Also, ZIM Integrated Shipping rose more than +15% after reporting stronger-than-expected Q2 adjusted Ebitda and raising its full-year adjusted Ebitda forecast.
