US stock indices recover as several companies witness share price gains

  • Stock Market News
US stock indices recover as several companies witness share price gains
Credit: © Reuters.

On Monday, major U.S. stock indices ended the trading session near their peak, despite a rise in the country's yields. The ten-year yield experienced an increase of about 11 basis points, while the thirty-year yield rose by 14 basis points.

This recovery comes after the S&P and NASDAQ indices experienced a decline for three successive weeks. The Dow industrial average climbed by 43.35 points or 0.13%, closing at 34007.22. Meanwhile, the S&P index saw an uptick of 17.41 points or 0.40%, ending at 4337.45, and the NASDAQ index increased by 59.5 points or 0.45%, closing at 13271.31.

Among the companies that witnessed gains in their share prices were Roblox, with an increase of 3.19%, Qualcomm (NASDAQ: QCOM ) which rose by 2.55%, FedEx (NYSE: FDX ) with an increase of 2.03%, Block with a rise of 1.96%, and Intuitive Surgical (NASDAQ: ISRG ) with a gain of 1.75%. PayPal (NASDAQ: PYPL ) also saw an increase of 1.69%, while Celsius and Amazon (NASDAQ: AMZN ) both experienced a rise of 1.67%. General Motors (NYSE: GM ) rounded off the list with a gain of 1.50%.

Despite these gains, not all companies had a positive day on the market. Papa John's shares fell by 3.33%, Southwest Airlines (NYSE: LUV ) experienced a decline of 2.01%, and Moderna (NASDAQ: MRNA ) saw its shares drop by 1.82%. CrowdStrike (NASDAQ: CRWD ) witnessed a fall of 1.63%, Alibaba (NYSE: BABA ) had a decrease of 1.25% and Western Digital (NASDAQ: WDC )'s shares were down by 1.15%. Biogen (NASDAQ: BIIB ) saw a dip of 1.03% while Doordash and Chipotle (NYSE: CMG ) experienced decreases in their share prices by 0.93% and 0.88% respectively.

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