Nasdaq Jumps 599 Factors to New Excessive: Inventory Market As we speak
Stocks began the week on a constructive word as oil costs continued to slip on hopes that the U.S. and Iran will agree to finish hostilities at this week’s United Nations General Assembly. Several mega-cap tech stocks additionally posted massive positive factors, fueling upside for the broader market Monday.
At the shut, the blue-chip Dow Jones Industrial Average was up 0.7% at 52,048 and the broader S&P 500 was 1.5% greater at 7,764. The tech-heavy Nasdaq Composite gained 2.3% to 27,122 — a brand new file closing excessive.
Front-month West Texas Intermediate crude futures slumped 4.5% to $95.78 per barrel and at the moment are down practically 10% from their September 15 peak close to $106.
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This comes after President Donald Trump instructed Fox News on Sunday that he would “most likely” be open to assembly with Iranian President Masoud Pezeshkian at this week’s U.N. assembly in New York.
“The information raised optimism {that a} attainable truce might incrementally restore visitors via the essential Strait of Hormuz,” explains José Torres, senior economist at Interactive Brokers.
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President Trump can also be scheduled to satisfy with Chinese President Xi Jinping in Washington, D.C., this week.
Wall Street is “in search of information on any agreements that will scale back tariffs or enhance entry to essential minerals,” says Jay Woods, chief market strategist at Freedom Capital Markets. “Any constructive developments on that entrance might raise equities, significantly these in know-how, industrial and shopper shares. The flipside is {that a} breakdown in talks might revive trade-war considerations and market volatility.”
Technology was one of many best-performing S&P 500 sectors Monday, second solely to communication services stocks. Chipmakers, specifically, noticed massive positive factors.
Intel (INTC), for one, jumped 12.1%, extending a rally that began final week on studies the corporate is in talks with SK Hynix (SKHY, +0.7%) to make chips within the United States.
Advanced Micro Devices (AMD) gained 10.0%, briefly topping a $1 trillion market cap for the primary time and bringing its every day win streak to 5, whereas Arm Holdings (ARM) surged 17.2% to its highest shut since mid-July.
According to Barron’s, the rally in all three semiconductor stocks seems to be linked to the preliminary success of Meta Platforms‘ (META) synthetic intelligence (AI) agent Muse, which might raise demand for the chipmakers’ central processing items (CPUs).
“Muse is Meta’s most consequential shopper product because the launch of Glasses in 2023, and an essential earnings driver over time, in our view,” says Truist Securities analyst Youssef Squali. “It is the centerpiece of CEO [Mark] Zuckerberg’s quest to democratize ‘private superintelligence’ and the clearest try but to construct a non-ad earnings stream to enhance its advert juggernaut and present ROI towards its massive CapEx.”
META, in the meantime, jumped 11.4% Monday, marking the Magnificent 7 stock‘s greatest day since April 9, 2025.
Paramount, Warner Bros. Discovery make merger headway
Elsewhere, Warner Bros. Discovery (WBD) rose 10.8% on studies that Paramount Skydance (PSKY, -2.9%) spent the weekend in discussions with a number of states which have sued to dam its acquisition of WBD on antitrust considerations.
According to The Wall Street Journal, the events are exploring quite a few concessions, together with a $1.5 billion capital allocation in home manufacturing from Paramount and the sale of a number of cable channels.
Paramount agreed in February to purchase Warner Bros. for $110.9 billion, together with debt.
