Wall Street started the new week on a strong footing, as all major U.S. indices displayed gains during midday trading on Monday, highlighting investor confidence in the continued growth of AI-driven stocks.
The S&P 500 surged by almost 1%, while the tech-skewed Nasdaq 100 staged an even stronger rebound, climbing 1.3% beyond the 18,000-point mark. Blue-chip stocks saw a modest uptick of 0.4%, while small-cap stocks experienced a slight dip.
Meanwhile, Treasury yields continued their upward trajectory, with the 10-year note surpassing 4.33%, poised to conclude the day at its highest levels since late November 2023.
Oil prices maintained their robust market momentum, with West Texas Intermediate (WTI) crude climbing by 1.4% to nearly $82 per barrel.
Bitcoin (CRYPTO: BTC) was 2% lower to $67,000, while gold inched 0.2% higher to $2,160/oz.
Monday’s Performance In Major US Indices, ETFs
Sector-wise, the Communication Services Select Sector SPDR Fund (NYSE:XLC) , was the top performer for the day, up 1.8%, while the Real Estate Sector SPDR Fund (NYSE:XLRE) was the laggard, down 0.2%.
Monday’s Stock Movers
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