Chip Stocks Pull NASDAQ Higher

The S&P 500 and NASDAQ Composite maintained their positive momentum on Monday following a strong week on Wall Street.

The Dow Jones Industrials lost 35.36 points to 52,866.71.

The much-broader surged 50.68 points to 7,533.99.

The tech-heavy NASDAQ restored 35.88 points, or 1.3%, to 26,184.59.

Techs paved the way, led by an 10% climb in Western Digital and an 8% jump in Teradyne. Marvell Technology and Oracle also gained more than 5% and more than 1%, respectively.

Traders this week will turn their eyes to the Federal Reserve, with the minutes of the June meeting — the first led by new Chairman Kevin Warsh — due Wednesday.

Prices for the 10-year Treasury gained a bit of ground, lowering yields to 4.49% from Thursday’s 4.49%. Treasury prices and yields move in opposite directions.

Oil prices took on 16 cents to $68.88 U.S. a barrel.

Gold prices climbed $36.20 to $4,161.60 U.S. an ounce.