US stock market Monday: S&P 500, Dow Jones, Nasdaq on record high. Here are top gaining stocks
US stock market indexes traded higher on Monday as Wall Street and S&P 500 posted longest winning streak since November. S&P 500 rose 54.00 points to 5,608.25. The Dow Jones gained 236.77 to 40,896.53, and the Nasdaq composite jumped 245.05 to 17,876.77. This came after the index's best week of the year.
S&P 500 rallied 1 per cent for its eighth straight gain. That clinched its It’s back to within 1 per cent of its all-time high after falling close to 10 per cent below the mark earlier this month. Dow Jones Industrial Average gained 236 points, or 0.6 per cent, and the Nasdaq composite jumped 1.4 per cent.
Top Gaining Stocks in US Market
The tech-heavy Nasdaq led all three major US stock indexes to a higher close, with help from Nvidia, Microsoft and Alphabet.
Advanced Micro Devices helped drive the market after saying it would buy ZT Systems, a supplier in the cloud computing and artificial-intelligence industries, in a cash-and-stock deal valued at $4.9 billion. The chip company’s stock rose 4.5 per cent.
Another chip company, Nvidia, was the single strongest force pushing the S&P 500 upward after it rose 4.4 per cent. It’s clawed back most of its sharp losses from earlier in the summer, which were triggered by worries investors sent its stock price too high amid their frenzy around artificial-intelligence technology.
Riley Financial slid 5.8 per cent, extending a drop of over 65 per cent last week.
US Stock Market Volatility Index
Treasury yields held relatively steady ahead of what’s likely to be financial
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