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US equities were boosted by megacap and growth stocks as Treasury yields held near multi-year highs, the dollar advanced against the euro, and oil prices eased. The Nasdaq Composite gained about 1%.
The Nasdaq reached all-time highs and the S&P 500 rose on Monday, driven by gains in most megacap and growth stocks, including Nvidia. Treasury yields held near multi-year highs, tempering risk sentiment.
The benchmark S&P 500 rose and the Nasdaq reached all-time highs as most megacap and growth stocks advanced, with risk sentiment tempered as Treasury yields stayed near multi-year highs.
Moderna and Merck say their personalized mRNA cancer vaccine intismeran with Keytruda met key endpoints in a Phase 3 melanoma trial, cutting recurrence and distant metastasis versus Keytruda alone.
The New York Fed’s Empire State manufacturing index rose to 20.6 in August from 15.6 in July, above the 10.0 consensus estimate, while new orders, shipments and employment remained positive.
MSFT reaches new highs
MSFT reaches new highs
As America approaches its 250th birthday, the Dow Jones Industrial Average — the oldest U.S. stock market index — capped a holiday-shortened week at fresh record highs, surpassing 52,500 points on Thursday. The rally reflected a great rotation from AI capex names into the blue-chip industrials, benefiting from that sam