In a day of relatively quiet trading on Monday, US stocks continued their upward trajectory, edging closer to new records. The S&P 500 climbed 0.9% in afternoon trading, on track to surpass its all-time high set just last week. The Dow Jones Industrial Average also gained 0.5%, adding 200 points to its value, while the Nasdaq composite soared 1.2% to reach its own record peak.

Autodesk, a software company, experienced a significant boost of 7.1% in its stock price after an investment firm announced plans to delay the company's annual meeting in order to nominate new directors for the board. Starboard Value, the said investment firm, highlighted concerns regarding Autodesk's financial performance. In response, Autodesk stated that while it will review Starboard's suggestions, it remains confident in its current strategic direction.

Chip company Broadcom witnessed a strong uptick of 5.8% after reporting better-than-expected profits. Additionally, the company announced a 10-for-one stock split to make its shares more accessible. Following in the footsteps of Nvidia, Broadcom's decision proved to be well received by investors. These positive developments from Broadcom, along with notable rises of 2.7% for Apple and 5.9% for Tesla, offered support to the market, offsetting the impact of rising Treasury yields.

The recent climb in yields in the bond market has tempered some optimism fueled by better-than-expected inflation reports last week, which had raised hopes for a potential interest rate cut from the Federal Reserve later this year. The Federal Reserve aims to maintain high rates to curb the economy and control inflation, but also seeks to lower rates to prevent an economic slump.

This week, the United States will see few key economic reports, with the exception of the update on consumer spending on Tuesday and the preliminary insight into US business activity on Friday. Furthermore, markets will be closed on Wednesday in observance of the Juneteenth holiday.

A report on Monday revealed that manufacturing in New York state is still contracting, albeit at a slower pace than anticipated by economists. Manufacturing has been adversely affected by the Federal Reserve's efforts to keep interest rates high. The Fed hopes to slow the economy and combat inflation but intends to cut rates before a potential recession ensues.

The impact of high interest rates has been felt across various investments, with real estate stocks and utilities experiencing declines of 0.5% and 0.6%, respectively. Real estate investment trusts (REITs) and utilities with high dividend payouts have seen reduced interest from investors as compared to bonds offering more attractive returns.

GameStop, a struggling video game retailer, observed an 11.8% decrease in its stock price. The decline followed the annual shareholder meeting, which was initially scheduled for Thursday but ultimately postponed due to technical issues with the livestream. During the rescheduled meeting on Monday, GameStop's CEO, Ryan Cohen, announced plans to focus on cost-cutting measures, including a reduction in the company's network of stores.

In the bond market, the yield on the 10-year Treasury rose to 4.27% from 4.22% on Friday. Conversely, the two-year Treasury yield, which closely reflects Federal Reserve expectations, saw a smaller increase, climbing to 4.75% from 4.71%.

Internationally, European stock indexes displayed signs of stabilization following the previous week's turmoil. France's CAC 40 registered a gain of 0.9% after experiencing its worst week in two years due to concerns over potential losses by the country's centrist party and mounting debt.

Conversely, Asian markets faced setbacks, with Japan's Nikkei 225 dropping 1.8% as trading concluded on Monday.