Monday saw a robust surge in US stocks—investor spirits were buoyed by impressive company profits, so they readily embraced riskier investments. Specifically, the Dow jumped 515.97 points, reaching 46,706.58, a gain of 1.12%. Meanwhile, the S&P 500 rose 71.12 points (1.07%), hitting 6,735.13; additionally, the Nasdaq increased by 310.57 points—that’s a 1.37% climb to 22,990.54.
Tech stocks spearheaded a market upswing—Apple soared to a new peak. Meanwhile, Meta, Netflix, and likewise Alphabet each increased in value from 1.3% to 3.3%. Also reaching unprecedented levels, the Philadelphia Semiconductor Index climbed 1.6%. Experts believe worries about smaller banks eased, considering prior declines excessive.
Hopes for company reports lifted spirits—Tesla, IBM, Netflix, Intel, and General Motors, alongside Ford, will share their numbers soon. Experts now forecast S&P 500 profits will climb roughly 9.3% compared to last year; previously they predicted an 8.8% rise.
Boeing shares climbed 1.8%, buoyed by the green light to build more 737 MAX planes. Meanwhile, Weight Watchers jumped 9.3% because they’re now teaming up with Amazon to deliver medications for weight management.
More stocks rose than fell—almost five to one—on the New York Stock Exchange, a clear sign of overall market health. Even with the government closed for business, people investing seemed optimistic, zeroing in on how companies were doing alongside improvements in US-China trade relations.
