US close: Dow tops 53,000 for first time

6th Jul 2026 22:13

(Sharecast News) - Major indices closed higher on Monday, with the blue chip Dow Jones Industrial Average hitting another fresh record high.

At the close, the Dow Jones Industrial Average was up 0.29% at 53,055.91, while the S&P 500 advanced 0.72% to 7,537.43, and the Nasdaq Composite saw out the session 1.12% firmer at 26,121.16.

The Dow closed 155.84 points higher on Monday, extending solid gains recorded on Thursday ahead of the 4th of July holiday weekend.

Market participants continued to reassess recent AI‑driven trades on Monday, with Asia-Pacific markets delivering mixed performances, but US investors now looked set to turn their attention to minutes from the Federal Reserve's June meeting, the first under new chairman Kevin Warsh, due out on Wednesday.

On Monday's macro slate, US services activity expanded again in June, according to separate surveys from S&P Global and the Institute for Supply Management, though both pointed to only modest growth and lingering cost pressures.

S&P Global's services PMI rose to 51.2 from 50.7 in May, marking a third consecutive month of expansion. The firm said stabilising economic conditions helped lift new business at the fastest pace since February, supported by new project wins and demand linked to the FIFA World Cup. Domestic demand strengthened, but export orders fell for a seventh straight month amid uncertainty over tariffs and government policy.

The ISM's services PMI also pointed to continued growth, registering 54%, down slightly from 54.5% in May and extending the sector's expansion streak to 24 months. Its Business Activity Index slipped to 55.4%, while new orders eased to 55.1%, though respondents again cited new project wins and World Cup‑related demand.

In the corporate space, tech giant Microsoft traded lower after announcing that it will be cutting 4,800 jobs, equating to roughly 2.1% of its global workforce.

No major earnings were released on Monday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Apple Inc. (AAPL) $312.66 4.54%

Boeing Co. (BA) $234.54 3.55%

International Business Machines Corporation (CDI) (IBM) $299.52 3.45%

Goldman Sachs Group Inc. (GS) $1,055.29 3.36%

American Express Co. (AXP) $356.03 1.16%

JP Morgan Chase & Co. (JPM) $337.72 0.97%

Amgen Inc. (AMGN) $366.44 0.70%

Caterpillar Inc. (CAT) $969.92 0.66%

Microsoft Corp. (MSFT) $386.74 0.00%

Dowdupont Inc. (DWDP) $0.00 0.00%

Dow Jones - Fallers

Intel Corp. (INTC) $122.20 -2.89%

Merck & Co. Inc. (MRK) $126.78 -2.15%

Walt Disney Co. (DIS) $97.41 -2.10%

Home Depot Inc. (HD) $350.65 -2.03%

Unitedhealth Group Inc. (UNH) $417.99 -1.73%

Cisco Systems Inc. (CSCO) $113.98 -1.72%

Nike Inc. (NKE) $43.34 -1.70%

Johnson & Johnson (JNJ) $259.33 -1.41%

Coca-Cola Co. (KO) $82.96 -1.40%

Procter & Gamble Co. (PG) $149.31 -1.39%

S&P 500 - Risers

Nektar Therapeutics (NKTR) $73.15 11.59%

DENTSPLY Sirona Inc. (XRAY) $12.32 10.69%

Arista Networks Inc. (ANET) $173.28 8.31%

Intuitive Surgical Inc. (ISRG) $432.83 5.76%

Vertex Pharmaceuticals Inc. (VRTX) $529.59 5.08%

Hewlett Packard Enterprise (HPE) $43.15 4.66%

Apple Inc. (AAPL) $312.66 4.54%

Jefferies Financial Group Inc. (JEF) $54.84 4.22%

Resmed Inc. (RMD) $218.40 4.18%

Illumina Inc. (ILMN) $194.33 4.15%

S&P 500 - Fallers

KLA-Tencor Corp. (KLAC) $233.31 -9.59%

Lam Research Corp. (LRCX) $350.20 -9.41%

Coterra Energy Inc. (CTRA) $32.56 -8.62%

O'Reilly Automotive Inc. (ORLY) $84.24 -8.59%

Skyworks Solutions Inc. (SWKS) $61.91 -8.50%

Advance Auto Parts (AAP) $56.33 -8.45%

Applied Materials Inc. (AMAT) $592.79 -7.63%

Ipg Photonics Corp. (IPGP) $104.70 -7.41%

Kohls Corp. (KSS) $16.90 -7.09%

Tractor Supply Company (TSCO) $30.22 -6.57%

Nasdaq 100 - Risers

DENTSPLY Sirona Inc. (XRAY) $12.32 10.69%

Intuitive Surgical Inc. (ISRG) $432.83 5.76%

Vertex Pharmaceuticals Inc. (VRTX) $529.59 5.08%

Apple Inc. (AAPL) $312.66 4.54%

Workday, Inc. (WDAY) $137.99 4.28%

Illumina Inc. (ILMN) $194.33 4.15%

PACCAR Inc. (PCAR) $125.91 4.11%

Idexx Laboratories Inc. (IDXX) $564.98 3.60%

Regeneron Pharmaceuticals Inc. (REGN) $649.81 3.39%

Align Technology Inc. (ALGN) $188.39 3.33%

Nasdaq 100 - Fallers

Qvc Group Inc Series A (QVCGA) $0.34 -13.49%

KLA-Tencor Corp. (KLAC) $233.31 -9.59%

Lam Research Corp. (LRCX) $350.20 -9.41%

O'Reilly Automotive Inc. (ORLY) $84.24 -8.59%

Skyworks Solutions Inc. (SWKS) $61.91 -8.50%

Applied Materials Inc. (AMAT) $592.79 -7.63%

Micron Technology Inc. (MU) $984.75 -6.45%

Liberty Global plc Series A (LBTYA) $10.87 -5.35%

American Airlines Group (AAL) $17.75 -5.31%

Liberty Global plc Series C (LBTYK) $10.50 -5.23%