US Stock Market Today: S&P 500 Stays Above 6,000; Dow Jones Open Flat
US stocks opened mixed on Monday with the main benchmark S&P 500 staying above the crucial 6,000 points.
The 30-stock Dow Jones Industrial Average was flat near 42,790, while the tech-heavy Nasdaq Composite gained 0.3% to remain above 19,500.
The bullish sentiment on Wall Street was also backed by Citi analysts who raised their year-end S&P 500 target to 6,300, driven by “a marginally more constructive fundamental view and an expectation for persistency of the current valuation backdrop.”
The investment bank’s mid-2026 target of 6,500 implies a high-single-digit percentage upside over the next twelve months, underscoring their “structural bullishness on US large cap”, as per Bloomberg News.
All three major US indices notched their second-straight winning week on Friday.
Apple Inc. stock was up 0.3% ahead of the iPhone maker’s WWDC event which kicks off later today and isn’t expected to feature much in the way of major AI releases.
Warner Bros. Discovery Inc. jumped as much as 13% after it announced plans to separate the company into two publicly traded businesses, splitting its streaming and studios business and its TV networks operations by the middle of next year.
Five of the eleven sectoral indices on the S&P 500 were trading in green led by information technology and telecom. Consumer staples and financials fell the most.
The markets are now looking forward to US-China talks in London, announced by President Donald Trump last week. Washington has signaled a willingness to remove restrictions on some tech exports in exchange for assurances that Beijing is easing limits on rare earth shipments, Bloomberg News reported.
The yield on the 10-year Treasury bond was flat at 4.51%.
The US dollar was unchanged against major currencies. The dollar index was flat at 99.18. The yen was up 0.1% at 144.71 against the greenback.
Spot gold prices were up 0.1% to $3,314 an ounce.
International benchmark Brent oil was higher by 0.2% to $66.6 per barrel.