The S&P 500 climbed 11.07 points, or 0.19 percent, to 5,713.62, the Nasdaq Composite gained 46.64 points, or 0.27 percent, to 17,995.97, and the Dow Jones Industrial Average increased 8.63 points, or 0.01 percent, to 42,068.84.
The Dow Jones Industrial Average dropped 3.0 points, or 0.01 percent, to 42060.4 at the opening bell. The Nasdaq Composite increased 46.6 points, or 0.26 percent, to 17994.905, while the S&P 500 increased 9.3 points, or 0.16 percent, to 5711.9.
The August Personal Consumption Expenditures (PCE) price index, the consumer confidence data, and remarks from several policymakers, including Fed Chair Jerome Powell, are on the schedule for this week.
According to a preliminary S&P Global report released on Monday, US manufacturing activity declined more sharply in September than it did in August, reaching a 15-month low. Among the large-cap companies, Apple fell by 0.5 percent, Tesla gained 3.6 percent, and Meta Platforms gained 1.2 percent.
Intel shares gained 2.1 per cent amid reports of Apollo’s offer to invest as much as $5 billion in the chipmaker and Qualcomm showed interest in buying parts or all of the company. Qualcomm stock was flat.
General Motors shed 3.2 per cent after Bernstein downgraded the automaker’s stock to “market perform” from “outperform”.In the bond market, the yield on the 10-year Treasury rose to 3.77 per cent from 3.74 per cent late on Friday. The yield on the 2-year Treasury edged up to 3.61 per cent from 3.60 per cent.