The S&P 500 edged slightly higher on Monday as Treasury yields edged higher ahead of Fed Chairman Jerome Powell’s testimony.
Investors also assessed economic data released on Monday, which showed US factory orders fell 1.6% in January, versus market expectations for a 1.8% decline.
Ciena Corporation First quarter results on Monday were better than expected.
Major sectors on the S&P 500 closed on a mixed note, with stocks in information technology and communications services posting the biggest gains on Monday. However, materials and consumer discretionary stocks were among the top losers during the session.
The Nasdaq 100 closed up 0.1% at 12,302.48 on Monday amid gains in U.S. shares. Microsoft Corporation msft And Apple Inc AAPL,
The S&P 500 rose 0.07%, while the Dow Jones gained 0.12% to 33,431.44 in the previous session.
The CBOE Volatility Index (VIX) of the Chicago Board Options Exchange rose 0.7% to 18.61 on Monday.
What is the CBOE Volatility Index?
The CBOE Volatility Index, popularly known as the VIX, is a measure of expected equity market volatility based on S&P 500 Index calls and puts. Option,
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