In the latest trading session, U.S. stocks experienced positive momentum as the Nasdaq Composite closed at a sixth consecutive record high. The surge in tech stocks was driven by growing enthusiasm for artificial intelligence (AI) technology. The Nasdaq Composite rose by 1%, while the S&P 500 and the Dow Jones Industrial Average also saw gains of 0.8% and 0.5% respectively.

The trading week will be shorter due to the market closure on Wednesday to commemorate Juneteenth. Investors will also closely monitor comments from Federal Reserve officials this week, as they could potentially impact the markets and provide insights into the central bank's stance on recent inflation data. Additionally, U.S. retail sales data scheduled for Tuesday and housing starts data set to be released on Thursday will provide further insights into the state of the American consumer and overall economy.

Autodesk, a design-software maker, experienced a surge in its stock value after it was reported that activist investor Starboard Value took a $500 million stake in the company and was pushing for changes. Another notable stock, Broadcom, also traded at a fresh record high on the back of strong sales demand in the AI sector and the announcement of a 10-for-1 stock split.

Meanwhile, Treasury yields reversed their previous decline and climbed higher after a week of softer-than-expected inflation reports raised hopes of a potential interest rate cut in September. The Federal Reserve's projection of only one interest rate cut this year was offset by the positive inflation data.

On Friday, tech stocks once again drove the Nasdaq to a fifth consecutive record close despite a majority of U.S. stocks experiencing a decline. The week ended with both the Nasdaq and the S&P 500 registering gains, while the Dow Jones Industrial Average ended slightly lower.

In individual stock news, Apple led the index with a 2% increase following the unveiling of Apple Intelligence. Disney saw a 1.6% rise in its shares after the success of its subsidiary Pixar's movie "Inside Out 2," which grossed over $150 million in its opening weekend. Amgen also experienced a 1.6% increase after the Food and Drug Administration expanded the indication for its drug BLINCYTO for leukemia treatment.

Cloud hyperscalers Microsoft, Amazon, and Alphabet, along with chip fabrication equipment makers Lam Research and ASML Holding, saw positive movements. Conversely, green energy stocks, including First Solar and Vistra, experienced declines.

GameStop shares plunged on Monday as the company's annual shareholder meeting failed to provide investors with clear insights into the company's future plans. CEO Ryan Cohen shared that the company aims to continue cost-cutting measures and transition towards running fewer stores selling higher-priced items. The stock price experienced significant volatility in recent weeks after a key contributor to the 2021 meme-stock craze, Keith Gill, reiterated his support for the company.

Adobe faced legal challenges as federal officials filed a lawsuit accusing the design software company of deceiving customers about cancelation fees. The complaint alleges that Adobe hidden early termination fees and made it difficult for consumers to cancel subscriptions, resulting in a 1.2% decline in the company's share price.

Semiconductor maker Broadcom continued its upward trend, setting a fresh record high as it extended its gains from last week's strong earnings report and the announcement of a 10-for-1 stock split. The company's AI-related revenue accounted for a significant portion of its overall revenue.

Adidas is currently investigating potential compliance violations by its employees in China after receiving an anonymous whistleblower complaint. The German sneaker giant stated that it takes these allegations seriously and is committed to complying with legal and ethical standards.

Overall, the positive momentum in tech stocks and the Nasdaq's continuous record highs reflect the market's increasing faith in the potential of artificial intelligence technology. With upcoming economic data and Federal Reserve commentary, investors will continue to closely monitor the trajectory of the market in the coming weeks.