By sector, eight of the S&P 500's eleven sectors rose while three fell. The energy and technology sectors led gains with increases of 1.15% and 0.48% respectively, while the communication services and healthcare sectors led declines with drops of 0.09% and 0.03%.
Most major tech stocks rose. Intel gained over 2%, while Microsoft, Super Micro Computer, ASML, Broadcom, Oracle, Boeing, AMD, TSMC, Amazon, and Google-Class A saw modest gains; NVIDIA, Netflix, Tesla, and Meta edged lower.
Shares of developer data platform MongoDB surged, closing up over 37% as both revenue and profits significantly exceeded Wall Street expectations.
Most financial stocks rose. Regions Financial, Wells Fargo, and Citigroup rose over 1%, while American Express, Travelers, Bank of New York Mellon, U.S. Bancorp, Allstate Insurance, Morgan Stanley, Bank of America, JPMorgan Chase, Hartford Insurance, MetLife, and Goldman Sachs posted modest gains; Capital One Financial, Mastercard, Visa, Mizuho Financial, Charles Schwab, AIG, BlackRock, and UBS Group saw slight declines, with Barclays down over 1% and Deutsche Bank down over 4%.
Most energy stocks rose. Imperial Oil and Apache Corporation gained over 2%, while Schlumberger, Occidental Petroleum, Chevron, and ExxonMobil rose over 1%. Petrobras, ConocoPhillips, BP, Duke Energy, and Shell saw modest gains; American Energy declined over 2%.
Most popular China-concept stocks fell, with the Nasdaq Golden Dragon China Index closing down 2.58%. Tiger Securities dropped over 9%, Li Auto fell over 8%, XPeng declined over 6%, NIO decreased over 5%, Futu Holdings and JD.com fell over 3%, Baidu and Kingsoft Cloud dropped over 2%, while Alibaba, Tencent Music, Vipshop, NetEase, Pinduoduo, Zeekr, and Bilibili declined over 1%. New Oriental, iQiyi, and Trip.com posted modest gains, while Huya rose over 1%.