How major US stock indexes fared Monday, 6/17/2024

U.S. stocks rallied to more records as gains for technology companies keep pushing the market higher. The S&P 500 rose 0.8% Monday, beating the all-time high it set on Thursday. The Nasdaq composite climbed 1% to set a record of its own. The Dow Jones Industrial Average added 0.5%, but remains below its all-time high. Broadcom piled more onto its strong gains from last week and helped lift the market along with other technology companies benefiting from the frenzy around AI. They helped more than offset increased pressure on the stock market from higher Treasury yields in the bond market.