US stocks: Dow Jones rallies 500 points, Nasdaq over 2% as chip stocks rebound; Nvidia probe weighs
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Wall Street indexes rose on Monday as investors looked past AI concerns.
- ✓The Dow Jones gained 569.51 points, while the Nasdaq climbed 2.53%.
- ✓Chip stocks rebounded despite Nvidia shares falling 4.23% amid an internal probe.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
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Wall Street’s main indexes rose on Monday as investors looked past last week’s AI-related concerns and awaited further clarity on the controversy surrounding Nvidia CEO Jensen Huang, Reuters reported.
Meanwhile, the Dow Jones Industrial Average rose 569.51 points, or 1.11%, to 51,855.24. The S&P 500 rose 109.17 points, or 1.48%, to 7,462.90, while the Nasdaq Composite gained 616 points, or 2.53%, to 24,931.00.
S&P 500 Top Gainers
Trade Desk14.54(12.41%)
Applied Materials360.98(8.50%)
NRG Energy95.63(8.32%)
Monolithic Power Systems1,287(8.15%)
S&P 500 Top Losers
Coterra Energy32.56(-8.62%)
NVIDIA178.75(-4.23%)
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The Economic Times
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