Stocks drifted higher Monday as momentum slowed on Wall Street following a powerful rally to start the year.
The S&P 500 edged up 0.1 percent, rising to its highest level since April 2022. The Dow rose less than 0.1 percent. The Nasdaq composite rose 0.2 percent.
Tesla rose after it said the number of vehicles it delivered during the spring surged from a year earlier. Much of the rest of the market was quieter. The U.S. stock market closed at 1:00 p.m. Eastern time and will remain shut Tuesday in observance of Independence Day.
On Monday:
The S&P 500 rose 5.21 points, or 0.1 percent, to 4,455.59.
The Dow Jones Industrial Average rose 10.87 points, or less than 0.1 percent, to 34,418.47.
The Nasdaq composite rose 28.85 points, or 0.2 percent, to 13,816.77.
The Russell 2000 index of smaller companies rose 8.05 points, or 0.4 percent, to 1,896.78.
For the year:
The S&P 500 is up 616.09 points, or 16 percent.
The Dow is up 1,271.22 points, or 3.8 percent.
The Nasdaq is up 3,350.29 points, or 32 percent.
The Russell 2000 is up 135.53 points, or 7.7 percent.
