The S&P 500, Dow Jones, and Nasdaq all rose on Monday. March E-mini S&P and Nasdaq futures also saw gains. Support came from lower T-note yields and strong US durable goods orders, indicating a robust economy. However, concerns over Trump’s tariffs on Canada and a potential government shutdown weighed on stocks. The dollar fell amid speculation of US intervention to boost the yen. Precious metals hit record highs, supporting mining stocks. Nov durable goods orders exceeded expectations, with a rise in capital goods spending. Earnings season is underway, with positive results boosting stocks. Overseas markets are mixed. Interest rates saw slight movements, with European bond yields falling. US stock movers included Apple and Meta rising, while Tesla fell. Mining stocks were mixed, with Allied Gold rising and CoreWeave rallying. USA Rare Earth Inc surged on government investment reports. Cisco and Cognizant saw gains, while Revolution Medicines fell. Upcoming earnings reports feature companies like Boeing and General Motors.
Read more at Nasdaq: Stocks Close Higher Ahead of Heavy Earnings Week and FOMC Meeting
