Stock indexes, including the S&P 500 and Dow Jones, closed higher on Monday, with chipmakers and energy companies rallying. Geopolitical risks in South America boosted mining stocks. The 10-year T-note yield fell after weaker-than-expected economic data. European stocks hit record highs, providing support to US markets.

US economic focus this week includes manufacturing PMI, ADP employment change, ISM services index, JOLTS job openings, nonfarm productivity, and more. Markets discount a 16% chance of a rate cut at the next FOMC meeting. Overseas markets rose, with Euro Stoxx 50, Shanghai Composite, and Nikkei Stock 225 climbing.

Cryptocurrency-related stocks, like Coinbase and Riot Platforms, surged, while drugmakers like AbbVie and Eli Lilly declined. Energy producers, including Valero Energy and Chevron, rose sharply. Mining stocks, such as Coeur Mining and Barrick Mining, saw gains. QXO Inc and GH Research Plc reported positive news, while Versant Media Group and Domino’s Pizza faced losses.

Moody’s Corp and United Rentals saw gains after upgrades, while Versant Media Group and Fortive Corp faced downgrades. Earnings reports from AAR Corp, AngioDynamics Inc, and Penguin Solutions Inc are expected on 1/6/2026. Author Rich Asplund did not hold positions in mentioned securities. Information in the article is for informational purposes only.

Read more at Nasdaq: Stocks Finish Higher on Strength in Chip Makers and Energy Producers