US Stocks Rally and Recover Most of Last Week’s Losses as Oil Prices Swing Lower - Boston News, Weather, Sports
Investors rotated back into technology shares ahead of earnings and inflation data, while Nvidia fell about 6% after reports involving CEO Jensen Huang.
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The New York Stock Exchange closed with gains on Monday, against the backdrop of falling oil prices and a recovery in shares of companies related to the artificial intelligence sector. The Dow Jones industrial average closed with a gain of 1,104.02 points (+2.15%), at 52,389.75 points. The Nasdaq index, which is dominated by technology company stocks, closed with a gain of 673.71 points (+2.74%), at 25,253.13 points. The broader S&P 500 index, i…
Protothema
PentapostagmaStrong rise in US indices, with technology stocks recovering strongly despite pressure on Nvidia - Falling oil prices and expectations of de-escalation in the Middle East strengthened risk appetite
US stock market today: Dow, S&P 500, Nasdaq rise as investors return to AI shares; oil slides
Wall Street opened higher as the AI trade remained in focus ahead of key corporate earnings and US inflation data. Meanwhile, Brent crude and WTI prices dropped nearly 4% after US President Donald Trump signalled reluctance to resume strikes on Iran.
Bargain buyers and falling oil prices bring recovery on Wall Street after the recent price declines. Even if the indices stabilize – the unrest is not over.
ASX set to rise as Wall Street rallies and oil prices tumble
US stocks rallied sharply on Monday as falling oil prices and renewed buying in technology shares helped markets recover from last week’s heavy sell-off. The Dow Jones Industrial Average surged 1,104.02 points, or 2.15%, to close at 52,389.75. The S&P The post ASX set to rise as Wall Street rallies and oil prices tumble first appeared on Sharecafe.
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