Wall Street opens the week on a quiet note, with major indexes steady as investors await potential trade breakthroughs during high-level U.S.-China talks in London.
The S&P 500 is flat at 6,000, holding near record highs after rallying nearly 25% since the April 7 low, while the Nasdaq 100 inched 0.3% higher to 21,830.
Small-cap stocks continue to outperform, extending their catch-up trade, with the Russell 2000 up 0.7% to its highest level since early March.
The lack of market-moving economic data kept the U.S. dollar and Treasury yields little changed. The 10-year yield holds around 4.47%, while the 30-year sits at 4.96%.
Gold resumed its upward trend, gaining 0.8% to $3,330 per ounce after two days of declines. But it’s silver that continues to steal the spotlight, surging nearly 2% to $36.67 per ounce -- the highest level since February 2012 -- and up more than 10% over the past week, as investors seek the next bullish trade in metals following gold's 2025 breakout.
Other metals also rallied, with platinum up 4%, palladium rising 3.1% and copper gaining 2%.
Bitcoin (CRYPTO: BTC) attracted fresh bids, climbing above $108,000 to its highest level since May 29.
Monday’s Performance In Major U.S. Indices, ETFs
| Major Indices | Price | Chg % |
| Russell 2000 | 2,145.65 | 0.7% |
| Nasdaq 100 | 21,826.91 | 0.3% |
| S&P 500 | 6,009.21 | 0.1% |
| Dow Jones | 42,761.90 | 0.0% |
According to Benzinga Pro data:
- The SPDR S&P 500 ETF Trust (NYSE:SPY) inched up by 0.2% to $600.02.
- The SPDR Dow Jones Industrial Average (NYSE:DIA) flattened at $428.36.
- The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) rose 0.3% to $531.33.
- The iShares Russell 2000 ETF (NYSE:IWM) rose 0.7% to $213.34.
- The Materials Select Sector SPDR Fund (NYSE:XLB) outperformed, up 0.9%; the Financials Select Sector SPDR Fund (NYSE:XLF) lagged, down 0.7%.
Monday’s Stock Movers
- Cameco Corp. (NYSE:CCJ) rallied by 11%, reaching new all-time highs after a slew of investment banks, including Scotiabank and BMO Capital, raised the price target.
- Mining giant Freeport-McMoRan Inc. (NYSE:FCX) rose 2.8%, hitting levels last seen in late March.
- Arm Holdings plc (NASDAQ:ARM) rallied over 5% after Bank of America raised the price target from $135 to $150.
- Archer Aviation Inc. (NYSE:ACHR), Joby Aviation Inc. (NYSE:JOBY) and Vertical Aerospace Ltd. (NYSE:EVTL) each gained around 15% after a White House executive order on Friday directed federal agencies to expand drone and electric aircraft operations in U.S. airspace.
Read Next:
• Stock Of The Day: NVIDIA Tests New Resistance -- Could Another Breakout Be Brewing?
Photo: Shutterstock
