U.S. stocks started the new week with strong gains, as all major indices and sectors in the S&P 500 were in the green by midday in New York. This comes after Wall Street experienced its worst week of the year.
Investors kicked off Monday with renewed optimism, anticipating a boost from Apple Inc. (NASDAQ:AAPL)'s highly anticipated event and key inflation data for August, set to be released on Wednesday.
Economists are predicting a slowdown in the headline inflation rate from 2.9% in July to 2.6% year-over-year in August, potentially marking the lowest inflation level since March 2021. A lower inflation reading could reinforce market expectations for an aggressive rate-cut cycle from the Federal Reserve.
Airline stocks led the charge within industries, with the U.S. Global Jets ETF (NYSE:JETS) rising 2.6%, recovering from last month's losses.
In the semiconductor space, Palantir Technologies Inc. (NASDAQ:PLTR) surged 13%, logging its best one-day rally since February following news of the company's inclusion in the S&P 500 index.
Commodities also gained ground despite a 0.3% rise in the U.S. dollar. Oil prices climbed 1.6% amid production shutdowns in the Gulf of Mexico due to storm warnings. Gold edged up 0.2%, and silver rose 1.3%.
In the cryptocurrency market, Bitcoin (CRYPTO: BTC) jumped 2.8%, heading for its third consecutive session of gains.
Monday's Performance In Major U.S. Indices, ETFs
Major Indices
Price
1-day chg. %
Dow Jones
40,984.61
1.6%
Nasdaq 100
18,691.03
1.5%
S&P 500
5,484.48
1.4%
Russell 2000
210.16
1.1%
Updated at 1:00 p.m. ET
According to Benzinga Pro data:
The SPDR S&P 500 ETF Trust (NYSE:SPY) was 1.3% higher to $547.30.
The SPDR Dow Jones Industrial Average (NYSE:DIA) rose 1.5% to $410.13.
The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) rallied 1.4% to $448.38.
The iShares Russell 2000 ETF (NYSE:IWM) was 1.1% higher to $210.10.
The Financials Select Sector SPDR Fund (NYSE:XLF) outperformed, up 2%, followed by the Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY), up 1.8%.
Monday's Stock Movers
Moderna Inc. (NASDAQ:MRNA) surged 7% on Monday after its manufacturing facility in Laval, Quebec, received a Drug Establishment License (DEL) from Health Canada. This certification confirms the facility meets stringent safety and quality standards, granting it authorization to produce drug substances.
MicroStrategy Inc. (NASDAQ:MSTR) soared 9.3% in reaction to Bitcoin's surge.
Arm Holdings Plc (NASDAQ:ARM) rallied 7% after reports surfaced that its AI chip technology will be integrated into Apple's upcoming iPhone 16.
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オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
Airline stocks led the charge within industries, with the
航空株は、業界内でリーダーシップをとっており、U.S. Global Jets ETF（NYSE:JETS）は先月の損失から回復し、2.6％上昇しました。