US Stocks Up on Monday
US stocks traded higher on Monday, with the S&P 500 gaining 0.3%, the Nasdaq rising 0.2%, and the Dow Jones advancing 220 points. Semiconductor and other AI-related stocks led gains following reports that Anthropic had publicly filed for an IPO. Investors also welcomed a pullback in oil prices while bracing for a busy week of corporate earnings, key economic releases, and the Fed’s monetary policy decision. Chipmakers advanced, with Nvidia rising 1.6%, Micron Technology gaining 2.1%, and AMD adding 1.5%. Meanwhile, Meta fell 1.7% despite announcing plans to raise as much as $95 billion through stock sales to fund its AI ambitions. Tesla surged 4.6% after Barclays upgraded its rating to Overweight from Equal Weight. In contrast, Verizon dropped 2.8% after reporting revenue below market expectations.
US stocks traded higher on Monday, with the S&P 500 gaining 0.3%, the Nasdaq rising 0.2%, and the Dow Jones advancing 220 points. Semiconductor and other AI-related stocks led gains following reports that Anthropic had publicly filed for an IPO. Investors also welcomed a pullback in oil prices while bracing for a busy week of corporate earnings, key economic releases, and the Fed’s monetary policy decision. Chipmakers advanced, with Nvidia rising 1.6%, Micron Technology gaining 2.1%, and AMD adding 1.5%.
Meanwhile, Meta fell 1.7% despite announcing plans to raise as much as $95 billion through stock sales to fund its AI ambitions. Tesla surged 4.6% after Barclays upgraded its rating to Overweight from Equal Weight. In contrast, Verizon dropped 2.8% after reporting revenue below market expectations.