US markets closed in green on Monday, with the Dow Jones index hitting record highs amid strength among technology stocks, with computer hardware stocks turning in some of the best performances. Reflecting the strength in the computer hardware sector, the NYSE Arca Computer Hardware Index has spiked by 3.4 percent. On the economic front, the Institute for Supply Management (ISM) released a report showing growth in U.S. service sector activity slowed slightly in the month of June. The ISM Services PMI in the US fell to 54.0 in June 2026, down from 54.5 in May, matching market expectations. The reading still indicates solid expansion in US services activity, though at a softer pace, driven by a slowdown in business activity growth (55.4 vs. 57.7 in May) and new orders (55.1 vs. 57.3). Meanwhile, the employment index saw its largest increase since 2024, rising to 51.2 from 47.9, marking the first expansion in headcount since February. Price inflation also eased to a four-month low of 67.7, down from 71.3. Despite ongoing concerns about persistent inflation tied to the Middle East conflict, survey noted that business conditions remain robust.
Dow Jones Industrial Average surged 155.84 points or 0.29 percent to 53,055.91, S&P 500 increased 54.19 points or 0.72 percent to 7,537.43 and Nasdaq added 288.48 points or 1.12 percent to 26,121.16.
