US stocks rose at the close of trading on Monday at the New York Stock Exchange on Wall Street, recovering part of last week’s losses while remaining close to record levels.

The broader US stock index, the S&P 500, rose by 17.51 points or 0.3% to 6661.21 points. The Dow Jones Industrial Average increased by 68.78 points or 0.1% to 46316.07 points. The Nasdaq Composite gained 107.09 points or 0.5% to 22591.15 points. All three indices remained near their all-time highs recorded earlier last week.

Major technology stocks rose slightly, leading the gains. Amazon’s shares increased by 1.1% after a 5.1% drop last week, and Microsoft’s shares rose by 0.6%, recovering some of last week’s 1.2% losses. Although these moves were modest, they remain among the strongest supports for the S&P 500 today, as these are some of Wall Street’s most valuable stocks.

On the losing side, oil company stocks were hit by falling crude oil prices. Exxon Mobil and Chevron shares, which fell by 2.6% and 2.5% respectively, were among the heaviest weighted stocks in the S&P 500.

Wall Street is awaiting next Friday’s key event for financial markets when the report on the number of jobs created or cut by US employers last month will be released. Wall Street hopes the data will neither be too positive nor too negative, but balanced enough to keep the US Federal Reserve on track to cut interest rates several more times.

The Federal Reserve decided on its first interest rate cut since the beginning of this year, while officials expect more cuts until the end of next year. It is essential for the Fed to continue cutting rates amid US stock prices reaching record highs since last April.

If Friday’s job numbers are very strong, the Fed’s willingness to continue cutting rates may decline, potentially causing stock prices to fall, which are already criticized for being expensive. If the job numbers are very weak, it may signal an upcoming economic recession that could harm stock prices.

Meanwhile, a turning point may appear as the current US fiscal year ends tomorrow without approval of the new fiscal year’s budget, which could lead to a new government shutdown.

The US is accustomed to such shutdowns, which have only had minor effects on the stock market and economy in the past. However, a shutdown could delay the collection and release of economic data, such as jobs and inflation reports. Without these reports, increased uncertainty on Wall Street could heighten market tensions.

On Wall Street, Electronic Arts’ stock rose 4.5% after confirming rumors of a $55 billion acquisition deal. A group of investors will pay $210 in cash per share, describing it as the largest cash deal in history to take a company private.

CSX railroad shares rose 5.4% after appointing Steve Angel as CEO. Angel previously served as CEO of Linde and Praxair, replacing Joe Hinrichs, who also left the company’s board.

Stocks related to marijuana surged sharply after former President Donald Trump posted a video on his social media page describing cannabidiol (CBD) derived from cannabis as a “game changer” in improving seniors’ quality of life. Tilray Brands shares jumped 60.9%, and Canadian Canopy Growth shares rose 17% on the Toronto Stock Exchange.