The U.S. stock market set more record highs on Monday, boosted by a court win for Facebook and broad strength in tech stocks.

The S&P 500 ticked up 0.23% to 4,290.61 for its third-straight record close.

Monday’s moves came as Treasury yields retreated across most maturities, with the benchmark 10-year Treasury yield sliding to about 1.48%. Yields move inverse of prices.

The session’s gains came after Wall Street enjoyed its best week in months as investors grew more confident the current inflation in the U.S. is not a sustained economic threat, but a temporary uptick. The S&P 500 finished the week at a record high in the five-day period.
 

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U.S. stock index futures were little changed during early morning trading Tuesday, after the S&P 500 and Nasdaq Composite closed at record highs on Monday.

Stocks rose to new highs during regular trading on Monday amid strength in Big Tech. The Nasdaq gained nearly 1%, posting its fifth positive session in the last six, and also closed at a new high. 

Investors will also pore over the June report for any signs of wage inflation as employers struggle to find workers to fill job openings and pandemic-era jobless benefits taper off in some states.

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Plan A : Remain buy as long as oil price trades resiliently above 72.6. Targets are 73.1 and 74.3.

Plan B : Consider short only if oil price fails to breach above 73.1. Targets are 72.8 and 71.9.

Gold