Technology stocks pulled Wall Street to another record amid mixed trading. The S&P 500 rose 0.2% Monday after closing November at an all-time high. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite gained 1%.

On Monday, storied Swiss bank UBS Group initiated coverage of Arm's stock. Analyst Timothy Arcuri flagged the highly specialized AI stock as a buy, with a price target of $160 per share. That's 17% higher than the stock's most recent closing price.

U.S. stocks are kicking off December by drifting around their record heights on Monday. The S&P 500 rose 0.3% in afternoon trading after closing its best month of the year at

Palantir Technologies (NASDAQ: PLTR) is the most recent addition to the Nasdaq, joining the tech-centric index on Nov. 26. This follows the company's recent admission to the S&P 500, making it one of just 11 companies afforded that honor so far this year.

Goldman Sachs says software companies are the next major beneficiaries of the artificial intelligence boom. Datadog is highly rated by Wall Street analysts due to the company’s strong position in observability software.

U.S. stocks are kicking off December by drifting around their record heights. The S&P 500 was up 0.2% in early trading Monday after closing its best month of the year at an all-time high. The Dow Jones Industrial Average was up 55 points and the Nasdaq composite was up 0.