U.S. stocks finish higher as S&P 500, Nasdaq climb for 5th straight month

U.S. stocks finished higher on Monday, while the S&P 500 and Nasdaq Composite capped off July by recording their fifth-straight month in the green -- the longest winning streak in roughly two years for both indexes. The S&P 500 gained 6.92 points, or 0.2%, to finish Monday at 4,589.15, according to preliminary closing data from FactSet. For the month of July, the large-cap index increased by 3%. The Nasdaq Composite gained 29.37 points, or 0.2%, to 14,346.02, bringing its July advance to 2.2%. The Dow Jones Industrial Average rose by 100.57 points, or 0.3%, to 35,559.86, notching a 4.8% increase for the month. In another notable move, The S&P 500 Information Technology sector gained 2.4% in July to rise for the 7th straight month, the longest such streak since August 2014.

-Joseph Adinolfi

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07-31-23 1606ET

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