Investing.com – Tech stocks moved higher on Monday, but the rest of the stock market seemed to stand still.
Amazon.com (NASDAQ:AMZN), Facebook (NASDAQ:FB) and Apple (NASDAQ:AAPL) were among the big winners, along with oil-services giant Halliburton (NYSE:HAL), a reaction from an 8.4% drubbing it received last week as volatility roiled oil prices.
The S&P 500 rose 0.3%. The Dow was up 0.07%, but the Nasdaq Composite rose 0.7%, with the Nasdaq 100 index even stronger, up 0.9%. The Nasdaq 100 includes the biggest tech stocks.
There wasn't much to trade on. The Middle East was quiet. Federal Reserve officials went into quiet mode a week ahead of the big July 30-31 FOMC meeting when the central bank is expected to cut its key federal funds rate.
There could be some volatility if reports on existing-home sales and new-home sales fail to meet Wall Street expectations. The former report is due Tuesday. The Commerce Department reports on new-home sales on Wednesday. In addition, Friday brings the first big read of second-quarter growth before the bell.
Facebook (NASDAQ:FB), up 2% on the day, issues second-quarter results Wednesday, while Amazon (NASDAQ:AMZN), up 1.1%, weighs in after Thursday's close. Intel (NASDAQ:INTC) also moved up ahead of its Thursday earnings report. Apple (NASDAQ:AAPL) climbed 2.3% ahead of its July 30 earnings report for its fiscal-third quarter.
Apple, Intel and Microsoft (NASDAQ:MSFT) were the leaders among the 30 Dow stocks.
Boeing (NYSE:BA) was 1% lower. It reports second-quarter results before Wednesday's open and already has said it expects to take a $5 billion charge related to the problems with its 737 Max jetliner. The shares are up 2.6% this month and nearly 16% this year.
Crude oil futures in New York moved up 56 cents to $56.22 a barrel. Brent crude, the global benchmark, added 79 cents to $63.26 a barrel.
Interest rates moved slightly lower overall. The 10-Year yield finished unchanged at 2.05%.
While techs were the market leaders, among the losing groups were consumer staples, telecommunications and health care stocks. Costco Wholesale (NASDAQ:COST) dipped 0.5% after hitting new highs on Friday.
S&P 500 Winners and Losers
Halliburton (NYSE:HAL), chip-equipment maker Applied Materials (NASDAQ:AMAT) and data-storage manufacturer Western Digital (NASDAQ:WDC) were among the top S&P 500 performers on the day.
Signet Jewelers (NYSE:SIG), supermarket giant Kroger (NYSE:KR) and Hewlett Packard Enterprise (NYSE:HPE), which concentrates on corporate technology needs, were among the worst S&P 500 performers on the day.