Stocks Try to Bounce Back from Lackluster Open - InvestingChannel

Stocks Try to Bounce Back from Lackluster Open

Stocks inched higher Monday as investors tried to regain their footing following a pullback last week.

The Dow Jones Industrial Average retreated 2.57 points to 38,901.47.

The S&P 500 added one point to 5,205.36.

The NASDAQ improved 20.82 points to 16,269.34.

Tesla shares were up more than 4% after CEO Elon Musk said the company’s robotaxi will be unveiled in early August.

Prices for the 10-year Treasury sagged, boosting yields to 4.43% from Thursday’s 4.4%. Treasury prices and yields move in opposite directions.

Oil prices faltered 78 cents to $86.13 U.S. a barrel.

Gold prices captured two dollars to $2,347.40 U.S. an ounce.

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