WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
The S&P 500 rose Monday as Wall Street, lifted by a rebound in chip stocks and tech names.
This week could be driven by insights into the state of the U.S. consumer, with earnings reports due from Home Depot, Target and Walmart. Retail sales data from July is also due out on Tuesday morning.
The earnings reports are coming after a mixed batch of inflation reports last week, which show that price increased have eased from their post-pandemic peak but are still above the Federal Reserve’s 2% target.
The broad market index added 0.58%, closing at 4,489.72. The tech-heavy Nasdaq gained 1.05%, ending the day at 13,788.33.
Nvidia closed 7.1% higher, marking a turnaround for the chip giant after it sold off 8.5% last week. Shares got a boost after Morgan Stanley reiterated Nvidia as a top pick ahead of earnings. Chip stocks across the board also jumped, with the VanEck Semiconductor ETF (SMH) up 3% — though it is still down more than 6% in August.
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