U.S. Stocks Show Mixed Performance as Tech Leads Gains

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Nasdaq and S&P 500 Extend Rally to Fresh February Highs

U.S. equity markets delivered a split performance on Monday, with technology stocks continuing their upward momentum while traditional sectors showed more modest movement. The Nasdaq Composite advanced 0.31% to close at its highest level since late February, reflecting sustained investor confidence in growth-oriented companies.

Market Highlights

Index Performance:

• Nasdaq Composite: +0.31% (new February closing high)
• S&P 500: +0.09% (new February closing high)
• Dow Jones Industrial Average: Essentially flat

Sector Standouts:

• Tesla surged 4% amid renewed EV sector optimism
• Intel gained 2% on semiconductor strength
• Alphabet and Amazon both rose over 1%
• Boeing jumped 3% to reach January 2024 highs

Notable Decliners:

• Apple and Netflix both fell over 1%
• Meta edged slightly lower

Chinese ADRs Continue Strong Performance

The Nasdaq Golden Dragon China Index outperformed with a 2% gain:

• Kingsoft Cloud led gains, up nearly 10%
• Bilibili, XPeng, and Baidu all rose over 3%
• JD.com and NetEase advanced more than 2%

Market analysts noted the continued divergence between growth and value stocks, with megacap technology names driving most of the market’s upward movement. The mixed performance suggests investors remain selective amid evolving economic conditions.

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