U.S. stock indexes edged higher on Monday, with the S&P 500 and Nasdaq both notching record closes.
A strong rally in technology shares, led by Nvidia, helped offset a broad decline in consumer-focused stocks.
Shares in both the consumer-staples and consumer-discretionary sectors slumped during the session.
Investors remain cautious about consumer spending power heading into a busy week of corporate earnings.
Nvidia’s gains provided a significant tailwind for the broader market, lifting the technology sector.
The Dow Jones Industrial Average also rose, though its gains were more modest compared to the other major indexes.
Wall Street is now gearing for a heavy slate of quarterly results from major companies in the coming days.
