US close: Stocks mixed following Dow's big day

(Sharecast News) - Wall Street stocks delivered a mixed performance on Monday after a big day for the blue-chip Dow Jones in the previous session. At the close, the Dow Jones Industrial Average was down 0.30% at 38,571.03, while the S&P 500 advanced 0.11% to 5,283.40 and the Nasdaq Composite saw out the session 0.56% firmer at 16,828.67.

The Dow closed 115.29 points lower on Monday, taking a bite out of solid gains recorded in the previous session.

Optimism regarding a potential Joe Biden-led ceasefire in Gaza drove oil prices lower on Monday, with West Texas Intermediate down 3.60% and Brent Crude 3.69% lower, giving the president a boost as his predecessor and main rival Donald Trump was recently found guilty in the New York courts. However, the impact this will have on the polls remains to be seen.

On the macro front, S&P Global's manufacturing index was revised higher to 51.3 in May, up from a preliminary reading of 50.9 and last month's 50 print, pointing to a modest improvement in the state of the manufacturing sector, while the Institute for Supply Management's manufacturing PMI unexpectedly edged lower to 48.7 in May from 49.2 in April, below forecasts of 49.6 and showing another contraction for the manufacturing activity as demand was soft again.

Elsewhere, construction spending fell by 0.1% month-on-month in April to a seasonally adjusted rate of $2.09bn, according to the Census Bureau, as public spending shrank by 0.2% and private spending fell by 0.1% - driven by a 0.3% decline in the non-residential segment.

In the corporate space, Nvidia shares were in the green after it announced new AI chips on Sunday before its latest model even shipped, while GameStop stock was up more than 20% amid speculation that the seller who inspired the 2021 short squeeze may be holding yet another big position in the retailer.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Boeing Co. (BA) $184.57 3.92% Merck & Co. Inc. (MRK) $128.42 2.29% Salesforce.Com Inc. (CRM) $236.62 0.93% Apple Inc. (AAPL) $194.03 0.93% Johnson & Johnson (JNJ) $147.74 0.73% Amgen Inc. (AMGN) $307.42 0.51% Unitedhealth Group Inc. (UNH) $497.44 0.42% McDonald's Corp. (MCD) $259.75 0.33% Cisco Systems Inc. (CSCO) $46.65 0.32% Walmart Inc. (WMT) $65.81 0.09%

Dow Jones - Fallers

Chevron Corp. (CVX) $157.46 -2.98% Dow Chemical Co. (DOW) $56.07 -2.71% Travelers Company Inc. (TRV) $210.34 -2.48% Caterpillar Inc. (CAT) $331.36 -2.12% Home Depot Inc. (HD) $328.01 -2.05% Walgreens Boots Alliance, Inc. (WBA) $15.92 -1.85% Intel Corp. (INTC) $30.29 -1.82% American Express Co. (AXP) $236.88 -1.30% Walt Disney Co. (DIS) $102.77 -1.10% International Business Machines Corporation (CDI) (IBM) $165.28 -0.94%

S&P 500 - Risers

Nektar Therapeutics (NKTR) $1.40 10.63% Kohls Corp. (KSS) $23.85 6.52% Carnival Corp. (CCL) $16.01 6.17% Nvidia Corp. (NVDA) $1,150.00 4.90% Autodesk Inc. (ADSK) $210.82 4.57% Leggett & Platt Inc. (LEG) $12.12 4.48% Nordstrom Inc. (JWN) $23.01 4.12% VF Corp. (VFC) $13.81 3.99% Boeing Co. (BA) $184.57 3.92% Norwegian Cruise Line Holdings Ltd (NCLH) $17.19 3.55%

S&P 500 - Fallers

FMC Technologies Inc. (FTI) $24.50 -6.45% Tractor Supply Company (TSCO) $267.56 -6.21% National Oilwell Varco Inc. (NOV) $17.75 -5.69% Halliburton Co. (HAL) $34.74 -5.34% Helmerich & Payne Inc. (HP) $36.12 -5.10% United Rentals Inc. (URI) $637.51 -4.77% Advance Auto Parts (AAP) $67.42 -4.56% Waste Management Inc. (WM) $201.24 -4.47% Diamondback Energy Inc. (FANG) $190.74 -4.28% Devon Energy Corp. (DVN) $47.08 -4.07%

Nasdaq 100 - Risers

Nvidia Corp. (NVDA) $1,150.00 4.90% Autodesk Inc. (ADSK) $210.82 4.57% Qurate Retail Inc. (QRTEA) $0.74 3.36% Vertex Pharmaceuticals Inc. (VRTX) $470.18 3.26% Dollar Tree Inc (DLTR) $120.98 2.57% Micron Technology Inc. (MU) $128.17 2.54% Starbucks Corp. (SBUX) $82.08 2.32% Meta Platforms Inc. (META) $477.49 2.28% Biogen Inc (BIIB) $229.80 2.16% Take-Two Interactive Software Inc. (TTWO) $163.64 2.05%

Nasdaq 100 - Fallers

Fastenal Co. (FAST) $64.31 -2.53% Seagate Technology Plc (STX) $91.33 -2.05% Sirius XM Holdings Inc (SIRI) $2.77 -1.95% Mercadolibre Inc. (MELI) $1,693.14 -1.88% PACCAR Inc. (PCAR) $105.49 -1.87% Hasbro Inc (HAS) $58.67 -1.86% Walgreens Boots Alliance, Inc. (WBA) $15.92 -1.85% Intel Corp. (INTC) $30.29 -1.82% Mondelez International Inc. (MDLZ) $67.35 -1.72% CSX Corp. (CSX) $33.18 -1.69%