US stocks see mixed activity on Monday

The US stocks closed mixed on Monday, though there was a correction in chip and other technology shares after recent spike. The Dow Jones Industrial Average rose 195.6 points, or 0.38 percent, to 51,850.55. The S and P 500 eased 4.30 points, or 0.06 percent, to 7,807.24. The Nasdaq Composite Index dropped 120.27 points, or 0.44 percent, to 27,245.90. Investors now turn their attention to third-quarter earnings season which kicks off Tuesday. The market will also keep focus on upcoming US inflation prints for fresh signals on the Federal Reserve's interest-rate trajectory.

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