U.S. stocks were slightly higher Monday morning after the S&P 500 broke a five-week winning streak on Friday.
The Dow Jones Industrials better themselves by 69.76 points to open Monday at 36,170.07.
The S&P 500 eked up 6.87 points to 4,689.72.
The NASDAQ Composite acquired 27.68 points to 15,888.64.
Tesla shares fell 2% Monday following a weekend Twitter exchange between founder Elon Musk and Sen. Bernie Sanders.
“We must demand that the extremely wealthy pay their fair share. Period,” the Vermont independent who caucuses with Democrats wrote.
“I keep forgetting that you’re still alive,” Musk responded. In a follow-up tweet, he said, “Want me to sell more stock, Bernie? Just say the word …”
Dow component Boeing rose nearly 3.5% following news that Saudi Arabian Airlines is in talks with Airbus and Boeing for a wide-body jet order. At the same time, Emirates announced an order for two Boeing 777 Freighters at the 2021 Dubai Airshow.
Dollar Tree shares gained 7.7% following a report Friday that activist investor Mantle Ridge has taken a stake worth at least $1.8 billion in the discount store chain and will push it to do more to add to shareholder value.
On Monday, President Joe Biden will host a bipartisan bill signing ceremony for the Infrastructure Investment and Jobs Act.
Prices for 10-year Treasurys lost ground Friday, raising yields to 1.57%, from 1.57% on Friday. Treasury prices and yields move in opposite directions.
Oil prices fell $1.14 to $79.65 U.S. a barrel.
Gold prices slid $5.40 to $1,863.10 U.S. an ounce.