NEW YORK, New York – Technology stocks fired up in a positive start to the new week Monday, despite rising interest rates. The Nasdaq Composite powered head while the industrial indices lagged.

“I think the path of least resistance is the momentum that you’ve seen coming into this week,” Jeff Schulze, head of economic and market strategy at ClearBridge Investments told CNBC Monday.

“The 10-year Treasury continues to rise here, and although you did see positive impulse for markets and in particular cyclicals, I think, ultimately, the 10-year Treasury is going to weigh on valuations and put more downward pressure on the markets as the week develops.”

Here’s a roundup of the key market closures:

U.S.

Dow Jones Industrial Average (^DJI): The Dow Jones Industrial Average, another benchmark of the U.S. market, closed at 34,463.69, ending the day with a dip of -36.97 points, or roughly -0.11 percent.

NASDAQ Composite (^IXIC): In contrast to the Dow, the NASDAQ Composite performed exceptionally well, recording a significant gain of +206.81 points, or about 1.56 percent, to finish at 13,497.59.

S&P 500 (^GSPC): The S&P 500, an indicator of the American market, experienced a notable upswing, closing at 4,399.77, marking an increase of +30.06 points, translating to a rise of around 0.69 percent.

CANADA

S&P/TSX Composite index (^GSPTSE): Canada’s S&P/TSX Composite index faced a modest decrease, ending the day at 19,784.87, down -33.52 points, equivalent to a decrease of around -0.17 percent.

UNITED KINGDOM

FTSE 100 (^FTSE): The London-based FTSE 100 index concluded the day at 7,257.82, representing a marginal decline of -4.61 points, equivalent to a decrease of approximately 0.06 percent.

EUROPE

ESTX 50 PR.EUR (^STOXX50E): The ESTX 50 PR.EUR, representing the Eurozone, closed with a minor gain of +11.92 points, or roughly 0.28 percent, at 4,224.87.

Euronext 100 Index (^N100): The Euronext 100 Index ended the day at 1,333.45, up +4.86 points, or approximately 0.37 percent.

DAX PERFORMANCE-INDEX (^GDAXI): Germany’s DAX PERFORMANCE-INDEX saw modest growth, closing at 15,603.28 with an increase of +29.02 points, reflecting an uptick of approximately 0.19 percent.

CAC 40 (^FCHI): France’s CAC 40 also demonstrated positive momentum, closing at 7,198.06, up +33.95 points, equivalent to a gain of roughly 0.47 percent.

BEL 20 (^BFX): Belgium’s BEL 20 index closed at 3,596.34, marking an increase of +17.31 points, or about 0.48 percent.

RUSSIA

MOEX Russia Index (IMOEX.ME): The MOEX Russia Index concluded at 2,222.51, down -4.14 points, or roughly -0.19 percent.

ASIA

Nikkei 225 (^N225): The Nikkei 225 index in Japan experienced a minor gain of +114.88 points, or approximately 0.37 percent, closing at 31,565.64.

HANG SENG INDEX (^HSI): On the other hand, the Hang Seng Index, tracking Hong Kong’s market, faced a notable setback, concluding the day at 17,623.29, down -327.56 points, representing a decrease of approximately -1.82 percent.

SSE Composite Index (000001.SS): China’s SSE Composite Index also closed in the red, ending the day at 3,092.98, down -38.98 points, or roughly -1.24 percent.

Shenzhen Index (399001.SZ): Similarly, China’s Shenzhen Index experienced a decrease of -138.12 points, or approximately -1.32 percent, closing at 10,320.39.

S&P/ASX 200 (^AXJO): Australia’s S&P/ASX 200 index closed at 7,115.50, down -32.60 points, or about -0.46 percent.

STI Index (^STI): Singapore’s STI Index experienced a decline, closing at 3,154.03, down -19.90 points, or approximately -0.63 percent.

ALL ORDINARIES (^AORD): Australia’s ALL ORDINARIES index closed at 7,335.90, down -30.10 points, equivalent to a decrease of approximately -0.41 percent.

S&P BSE SENSEX (^BSESN): India’s S&P BSE SENSEX gained +267.43 points, marking an increase of about 0.41 percent, closing at 65,216.09.

NIFTY 50 (^NSEI): India’s NIFTY 50 index recorded a gain of +83.45 points, equivalent to an increase of approximately 0.43 percent, closing at 19,393.60.

IDX COMPOSITE (^JKSE): Indonesia’s IDX COMPOSITE index showed minor growth, closing at 6,866.03, up +6.12 points, or approximately 0.09 percent.

FTSE Bursa Malaysia KLCI (^KLSE): Malaysia’s FTSE Bursa Malaysia KLCI index closed at 1,450.57, up +4.48 points, equivalent to an increase of roughly 0.31 percent.

S&P/NZX 50 INDEX GROSS (^NZ50): New Zealand’s S&P/NZX 50 INDEX GROSS closed at 11,458.69, down -152.50 points, representing a decrease of approximately -1.31 percent.

KOSPI Composite Index (^KS11): South Korea’s KOSPI Composite Index closed at 2,508.80, up +4.30 points, or about 0.17 percent.

TSEC weighted index (^TWII): Taiwan’s TSEC weighted index remained nearly unchanged, closing at 16,381.49 with a marginal gain of +0.18 points.

MIDDLE EAST

TA-125 (^TA125.TA): Israel’s TA-125 index closed at 1,863.76, up +9.37 points, or approximately 0.51 percent.

EGX 30 Price Return Index (^CASE30): Egypt’s EGX 30 Price Return Index faced a notable decrease, closing at 17,920.50, down -112.70 points, or roughly -0.62 percent.

AFRICA

Top 40 USD Net TRI Index (^JN0U.JO): The Top 40 USD Net TRI Index in South Africa recorded a gain of +28.34 points, representing an increase of approximately 0.74 percent, closing at 3,861.47.

The global stock markets displayed a range of movements on Monday, with technology stocks leading the way in the U.S. while some Asian and European markets faced declines. Analysts are closely monitoring economic indicators and geopolitical developments for potential market impacts in the coming days.

Global Foreign Exchange Market Recap for Monday: U.S. Dollar Makes Gains

The U.S. dollar displayed strength against the euro, Japanese yen, and British pound, while facing some weakness against the Canadian dollar and Swiss franc. The Australian dollar and New Zealand dollar also made modest gains against the greenback Monday.

Here’s a summary of the key currency exchange rates:

EUR/USD (Euro / US dollar): The Euro to US dollar exchange rate closed at 1.08937, marking a modest increase of +0.00255 or approximately 0.23 percent.

USD/JPY (US dollar / Japanese yen): The US dollar to Japanese yen exchange rate concluded at 146.232, reflecting a substantial gain of +0.867 or roughly 0.60 percent.

USD/CAD (US dollar / Canadian dollar): The US dollar to Canadian dollar exchange rate closed at 1.35476, experiencing a minor decline of -0.00027 or approximately -0.02 percent.

GBP/USD (British pound / US dollar): The British pound to US dollar exchange rate ended the day at 1.27549, recording a gain of +0.00232 or about 0.18 percent.

USD/CHF (US dollar / Swiss franc): The US dollar to Swiss franc exchange rate concluded at 0.87856, facing a notable decrease of -0.00364 or roughly -0.41 percent.

AUD/USD (Australian dollar / US dollar): The Australian dollar to US dollar exchange rate closed at 0.64136, marking an increase of +0.00119 or approximately 0.19 percent.

NZD/USD (New Zealand dollar / US dollar): The New Zealand dollar to US dollar exchange rate ended at 0.59264, reflecting a gain of +0.00061 or about 0.10 percent.

(Photo credit: Big News Network news agency).