US stocks closed higher on Monday, extending last week’s rebound as technology shares continued to recover from an AI-driven selloff and the Dow Jones Industrial Average notched another record above 50,000.
The S&P 500 climbed about 0.5%, moving closer to a record close, while the Nasdaq Composite gained nearly 1%, led by strength in major tech names. The Dow edged higher to mark its second straight record finish.
Tech stocks remained the key driver. Nvidia and AMD rose more than 3%, while Oracle surged close to 10%. Microsoft also advanced, helping offset lingering concerns about AI competition within the software sector.
Beyond equities, gold futures moved back above $5,000 an ounce, while bitcoin hovered near $70,000 after last week’s sharp volatility.
Investor attention is now turning to a busy week of data and earnings. Markets are awaiting the delayed January US jobs report on Wednesday and inflation figures on Friday, both of which could shape expectations for Federal Reserve rate cuts. On the earnings front, results from Coca-Cola, McDonald’s, and Cisco are among the highlights later this week.
Overall, the mood on Wall Street remains cautiously optimistic, with tech’s bounce keeping major indexes near record territory ahead of key economic signals.
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