The S&P 500 recorded its biggest daily gain since April 8 on Monday. The Nasdaq also saw its largest advance since July 30 as all 11 major sectors rose. Stocks got a lift after Brent crude prices fell. While many shares jumped, Nvidia fell 4.3 per cent during the session.
US Stock Market today: Each of the 11 major S&P 500 sector indexes rose on the session, with nine showing gains of more than 1 per cent on Monday. Industrials and consumer discretionary were the top performers, rising more than 3 per cent each.
S&P 500 on Monday recorded its biggest daily percentage gain since April 8, while the Nasdaq marked its biggest daily advance since July 30. Dow Jones Industrial Average rose 1,104.02 points, or 2.2 per cent, to 52,389.75, Russell 2000 rose 86.71 points, or 3.1 per cent, to 2,840.81. S&P 500 rose 173.08 points, or 2.3 per cent, to 7,549.94 and Nasdaq composite rose 673.71 points, or 2.7 per cent, to 25,253.14.
Stocks broadly got a lift from a 5.8 per cent drop for the price of a barrel of Brent crude to $92.57. It's been coming down from more than $112 at the start of the month amid uncertainty about what will happen with the war with Iran.
Constellation Energy climbed 10.5 per cent. Advanced Micro Devices (AMD) rose 13.3 per cent and recovered its 11 per cent loss from last week. CoreWeave climbed 5.6 per cent after tumbling 15.4 per cent last week, Nvidia, fell 4.3 per cent.
Each of the 11 major S&P 500 sector indexes rose on the session, with nine showing gains of more than 1 per cent on Monday. Industrials and consumer discretionary were the top performers, rising more than 3 per cent each.
Chipmakers surged. The Philadelphia Semiconductor Index shot up 6.9 per cent after plunging more than 12 per cent last week, its biggest weekly drop since the week ended April 4, 2025. Nvidia was the sole decliner in the index on Monday, while Broadcom , up 8.8 per cent, and Advanced Micro Devices, up 13.3 per cent, were the two biggest boosts.
Shares of investment giant KKR advanced 1.7 per cent after its quarterly profit hit a record high. Constellation Energy , an energy firm with exposure to the AI buildout, shot up more than 10 per cent after its adjusted third-quarter profit surpassed expectations.