S&P 500 posts second straight daily gain
U.S. stocks closed mixed in a volatile session on Monday after weak manufacturing data and a glitch at the New York Stock Exchange briefly halted trading in several stocks.
A glitch at the New York Stock Exchange caused massive swings in shares of Berkshire Hathaway and Barrick Gold. Trading in at least 60 stocks listed on the New York Stock Exchange was halted due to the volatility, before the exchange fixed the technical problem and resumed activity.
Markets were also weighed down by data showing US manufacturing activity slowed for a second straight month, raising concerns about weak economic growth.
Performance of major US indices:
The Dow Jones Industrial Average fell 0.3%, or 115 points, on Monday to close below 38,600.
While the S&P 500 rose 0.1%, recording its second consecutive daily gain, and the Nasdaq Composite rose about 0.6%, supported by gains in Nvidia stock.
Investors are looking ahead to a week full of data, including surveys on the services sector, factory orders and the closely watched nonfarm payrolls report on Friday.
Nvidia stocks
Nvidia shares jumped 5% on Monday to a new record close of $1,150, adding $132 billion to its market value in a single day.
The gains came after CEO Jensen Huang revealed that the company's next-generation AI chip platform will launch in 2026.
GameStop shares
GameStop stock jumped 21% on Monday, resuming the strong gains it made in the middle of last month, specifically on May 14, when it jumped madly by 60%.
Today's gains came after a Reddit post over the weekend from stock influencer Keith Gill, also known as Roaring Kitty, that showed a $116 million bet on the toy retailer.
