Key facts
- Major U.S. stock indexes opened higher on Monday.
- A rebound in semiconductor stocks boosted investor sentiment.
- Investors are awaiting central bank minutes and the start of the second-quarter earnings season.
- The Dow Jones Industrial Average saw a slight decline at the open.
- The S&P 500 and Nasdaq Composite posted gains at the opening bell.
Wall Street's major indexes opened higher on Monday, continuing the previous week's upward trend, driven by a recovery in chip stocks. Investors are closely watching for upcoming central bank minutes and the commencement of the second-quarter earnings season later in the week.
At the opening bell, the Dow Jones Industrial Average registered a slight decrease of 71.6 points, or 0.14%, trading at 52,828.45. In contrast, the S&P 500 saw a gain of 23.7 points, or 0.32%, reaching 7,506.96. The technology-focused Nasdaq Composite also advanced, adding 166.9 points, or 0.65%, to trade at 25,999.608.
The positive market sentiment was bolstered by strong jobs data and a rebound in the semiconductor sector, which eased concerns about the labor market and provided a signal of economic resilience.