Wall Street started the week and the final month of the year on a mixed note, as a tech-driven rally clashed with broader market weakness. Mega-cap tech stocks and semiconductors led gains, driving the Nasdaq 100 to retest its all-time high of 21,180 points, last reached on Nov. 11, 2024.

Apple Inc AAPL climbed 1% on Monday, extending its rally to fresh all-time highs as investors bet on strong holiday-season sales for the Cupertino-based tech giant.

However, outside of growth sectors, the market showed weakness. All sectors except tech, communication services and consumer discretionary fell Monday, signaling uneven market performance.

The ISM Manufacturing PMI beat expectations but remained in contraction territory for the eighth consecutive month, reflecting a still-challenging industrial sentiment.

The U.S. dollar surged 0.8%, driven by a weakening euro amid rising fiscal and political risks in France. Meanwhile, gold prices slipped 0.6% to close the day at $2,635 per ounce, and crude oil held steady near $68 per barrel.

In the crypto space, Bitcoin BTC/USD fell 2.1% to trade around $95,000, retreating from its recent highs as traders locked in profits.

Monday’s Performance In Major U.S. Indices, ETFs

Major Indices	Price	Chg %
Nasdaq 100	21,164.54	1.1%
S&P 500	6,045.89	0.2%
Russell 2000	2,428.76	-0.2%
Dow Jones	44,773.43	-0.4%

According to Benzinga Pro data:

• The SPDR S&P 500 ETF Trust SPY rose 0.2% to $603.55.
• The SPDR Dow Jones Industrial Average DIA fell 0.4% to $448.52.
• The tech-heavy Invesco QQQ Trust Series QQQ rallied 1.1% to $515.49.
• The iShares Russell 2000 ETF IWM eased 0.2% to $241.45.
• The Technology Select Sector SPDR Fund XLK outperformed, rising 1.1%; the Utilities Select Sector SPDR Fund XLU lagged, down 1.8%.

Monday’s Stock Movers

• Stellantis NV STLA tumbled by nearly 7% in reaction to the resignation of its former CEO Carlos Tavares.
• Intel Corp. INTC climbed 3% after CEO Pat Gelsinger was ousted less than four years into his tenure at the helm of the company.
• Roku ROKU jumped 7% on Monday, fueled by strong retail momentum during Black Friday 2024. The company’s branded TVs gained significant visibility at major retailers like Best Buy, Target and Walmart.

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