From Nasdaq:

The Nasdaq scored its first gain of at least 1% in 2024 on Monday. Megacap stocks like Amazon and Alphabet advanced, as Treasury yields closed up 2.66% and the benchmark 10-year U.S. Treasury yield hitting a low of 3.966% on the session.

Apple climbed 2.42% after the iPhone maker said its Vision Pro mixed-reality device will be available for sale from Feb. 2 in the United States.

Nvidia surged 6.3% and Advanced Micro Devices jumped 5.48%. The Philadelphia SE Semiconductor Index bounced from a 5.8% drop, its biggest weekly percentage fall since October 2022.

The Dow Jones Industrial Average rose 0.58%, the S&P 500 gained 1.41 %, and the Nasdaq Composite gained 2.20%.

Boeing shares plunged 8.03% after the plane maker and U.S. regulators gave airlines the go-ahead to inspect grounded jets. Fox News

Atlanta Fed President Raphael Bostic said on Monday that the central bank’s dual goals of lowering inflation and maintaining low unemployment are not yet in conflict.

Money markets now see a 63.8% chance of at least a 25 basis-point (bps) rate cut as soon as March. CME’s FedWatch Tool, down from 88.5% a week ago.

Investors will eye inflation data this week in the form of the consumer price index (CPI) and producer price index (PPI) to shape expectations for the path of interest rates by the Fed. Nasdaq



Read more: US STOCKS-Nasdaq ends higher as yields fall, Boeing curbs gains on Dow