Nasdaq 100 and S&P500: Tech and Healthcare Stocks Lead US Indices Higher Today

Meanwhile, Adobe fell 2.16%, bucking the broader trend.

Communication services rose 2.09%, helped by strength in digital platforms and media.

Which Sectors Are Showing Strength Beyond Tech?

All 11 S&P sectors ended in the green.

Materials climbed 1.27%, real estate gained 1.06%, and utilities added 1.65%—each benefiting from the prospect of falling yields. Industrials rose 0.83%, led by a 4.44% jump in Ingersoll Rand.

Consumer discretionary and staples advanced 0.69% and 0.39%, respectively, while financials added 0.49%.

Health care posted a 1% gain, with ResMed and IDEXX Laboratories jumping 4.68% and 27.3% respectively. Energy was the lone laggard, slipping 0.3% as crude prices eased.

What Corporate News and Earnings Are on Trader Radars?

Corporate headlines added to Monday’s bullish tone.

Joby Aviation surged 17.5% following reports of a potential acquisition of Blade Air Mobility, which soared 25.4%.

Earnings season continued with strength, as 80.6% of S&P 500 firms have topped expectations so far—marking the best beat rate since Q3 2023. Traders now eye upcoming reports from Palantir, Eli Lilly, and Disney.

What’s Next for the Market as Fed and Economic Data Guide the Outlook?

With rate cut bets rising, markets will turn their attention to Tuesday’s ISM services report and Thursday’s jobless claims for confirmation of economic softness. A light data calendar keeps focus on Fed commentary and political developments. Traders are positioning for a dovish turn, though any surprise in inflation or labor data could reset expectations. Treasury yields and sector rotation will be key signals in the coming sessions.

More Information in our Economic Calendar.