The three major U.S. stock indices commenced trading in positive territory on Monday. The Dow Jones Industrial Average edged up 0.01%, while the Nasdaq Composite advanced 0.93% and the S&P 500 climbed 0.53%.
Fresh economic data revealed the U.S. Consumer Price Index (CPI) rose 0.3% month-over-month in June, registering a 2.7% year-over-year increase before seasonal adjustments. Core CPI, which excludes volatile food and energy components, increased 0.2% monthly and 2.9% annually without seasonal adjustments, according to the Bureau of Labor Statistics' July 15 report.
Technology leaders showed broad strength in early trading. Apple, Tesla, Amazon, Google, Microsoft, and Facebook all opened in the green. NVIDIA outperformed with a robust 4% surge following CEO Jensen Huang's announcement that U.S. regulators approved the company's H20 chip exports to China.
The Nasdaq Golden Dragon China Index opened higher, propelled by significant gains in Kingsoft Cloud, 21Vianet Group, GDS Holdings, Baidu, and Alibaba. Conversely, Cango, RLX Technology, and DouYu faced downward pressure, emerging among the session's early decliners.