US equities moved higher on Monday, with the Dow Jones Industrial Average closing above 52,000 for the first time as technology strength and improving sentiment drove a broad advance across major indices.
The Dow gained around 0.6% to finish at a record, while the S&P 500 rose 1.2% and the Nasdaq Composite climbed 2% as tech shares led the rebound from last week’s losses.
Alphabet added more than 4% after officially joining the Dow Jones Industrial Average, reinforcing the index’s tilt towards large-cap technology exposure and adding further momentum to the sector.
Tesla was another standout, surging more than 8% as investors reacted to a mix of regulatory clarity and product developments, including the closure of a US safety probe into steering issues and the rollout of its latest Full Self-Driving software update.
Broader market sentiment also improved after a Supreme Court decision involving Federal Reserve governor Lisa Cook, with the court allowing her to remain in post while rejecting efforts to remove her, while also clarifying limits around presidential authority over independent agencies and preserving Fed independence.
Attention then shifted to geopolitical developments, with US-Iran tensions showing signs of easing after reported agreements to pause retaliatory strikes, although uncertainty remained as further talks were scheduled in Doha and political warnings continued from Washington.
Oil prices initially moved higher on supply concerns before easing as traders reassessed the risk of disruption, with Brent crude up 1.4% at 73 dollars a barrel and West Texas Intermediate rising 1.7% above 70 dollars.
Investors now turn to Thursday’s US nonfarm payrolls report, brought forward due to the Independence Day holiday, with trading set to close on Friday as markets head into a shortened week.
