On Monday, Wall Street saw stocks rise as it aimed to sustain the strong momentum from the first half of 2024.

The S&P 500 edged up 0.1%, and the Nasdaq Composite advanced 0.6%, while the Dow Jones Industrial Average remained nearly flat.

Technology stocks, including Microsoft, Alphabet, and Nvidia, showed marginal gains.

However, rising Treasury yields, with the 10-year yield climbing to 4.481%, limited overall gains.

Cruise stocks, such as Carnival and Royal Caribbean, fell due to Hurricane Beryl’s landfall in the Caribbean, CNBC has reported.

The market’s growth continues to be fueled by excitement around artificial intelligence, which contributed to significant gains in the first half of the year—14.5% for the S&P 500 and 18.1% for the Nasdaq Composite.

However, the Dow Jones Industrial Average underperformed, increasing by just 3.8%.

Written by B.C. Begley