Market Snapshot: Dow, S&P 500 rise and Nasdaq hits record to kick off August as stalled stimulus talks come in focus

U.S. stocks on Monday traded modestly higher after wavering in early action in the first trading day in August, with wrangling in Washington over another round of coronavirus stimulus supporting some appetite for large-capitalization technology stocks that are viewed as more resilient to the economic effects of the COVID-19 pandemic.

U.S. stocks on Monday traded modestly higher after wavering in early action in the first trading day in August, with wrangling in Washington over another round of coronavirus stimulus supporting some appetite for large-capitalization technology stocks that are viewed as more resilient to the economic effects of the COVID-19 pandemic.