Major indices on Wall Street closed mostly higher on Monday, extending the rally seen last week on the back of a rebound in semiconductor stocks, as investors awaited the release of the Federal Reserve's meeting minutes and the start of second-quarter earnings season later this week.
The S&P 500 rose 23.7 points, or 0.32%, to 7,506.96 points, while the Nasdaq Composite gained 166.9 points, or 0.65%, to 25,999.608 points.
The Dow Jones Industrial Average, however, fell 71.6 points, or 0.14%, to 52,828.45 points.
The Dow Jones Industrial Average hit a new intraday record high of 53,052 points during trading, as Goldman Sachs shares climbed 2.6% to $1,048.3.
Microsoft shares fell 2% to $383.4 after the company announced it was cutting 4,800 jobs, equivalent to 2.1% of its workforce.
Broadcom shares surged 5.5% to $380.4 following the extension of its partnership with Apple through 2031, while Marvell Technology rose 3.5% to $254.4.
European stocks stabilised on Monday after a strong performance last week, as investors focused on new deals — particularly a takeover bid for British carrier easyJet.
The pan-European Stoxx 600 index stood at 652.84 points, after posting its best weekly performance on Friday since mid-May.
Shares in budget airline easyJet jumped 11% after the company agreed in principle to an improved takeover offer from US investment firm Castle Lake, which valued the company at up to £5.5 billion ($7.34 billion).
The broader travel and leisure sector led sectoral gains, rising 1%. Much of the advance in European equities was driven by relief following a reduction in Middle East tensions and a drop in oil prices to levels close to those seen before the war began.
However, with no progress in talks aimed at reaching a permanent agreement between the United States and Iran, regional developments will continue to be closely monitored.
Shares in French defence group Thales fell 1.4% after the group reached a deal to acquire the Georgy family's stake in drone technology company Exail, ahead of a planned offer for the remaining shares.
Ferrari shares rose 2% after the luxury sports car maker unveiled a limited-edition model featuring a 12-cylinder engine and manual gearbox, drawing in fans of traditional high-revving, manually driven cars. The earlier reveal of the company's first electric vehicle this year had weighed on its stock.
Japanese indices turned in a mixed performance, with the broader Topix index rising for a sixth consecutive session as falling oil prices and positive momentum in global markets boosted investor sentiment.
The Topix gained 0.90% to close at 4,101 points, marking its longest winning streak since August 2025. The technology-heavy Nikkei 225 benchmark index, meanwhile, closed flat at 69,737.69 points.
Shipping, automotive, and machinery sectors led the broader market gains, with Toyota Motor rising 3.36% and Mitsubishi Heavy Industries surging 8.39%.
Technology supply-chain companies topped the list of Nikkei losers. The biggest decliner was Taiyo Yuden, which fell 10.58%, followed by Ibiden, which dropped 8.37%, and Murata Manufacturing, which retreated 7.49%. Of the 225 stocks on the Nikkei, 177 advanced and 48 declined.
This comes as investors await signals on central bank policy. The Federal Reserve, under Chairman Kevin Warsh, appears to be leaning toward monetary tightening, while the Bank of Japan is also expected to continue its policy normalisation. Meanwhile, rising expectations for increased oil production and the reopening of the Strait of Hormuz have provided a measure of relief to markets.
The yen resumed its downward trend, keeping traders on alert for a possible intervention by authorities in Tokyo.
Maki Sawada, equity strategist at Nomura Securities, said: "Volatility in artificial intelligence and semiconductor stocks will continue to influence the direction of the Nikkei 225, whether upward or downward."