Stock indexes are up today, with the Dow hitting a new high. Optimism about AI spending boosts chipmakers and data storage companies. Energy firms rally after Trump’s Venezuela comments. Geopolitical risks lift mining stocks, with gold up 3% and silver up 7%.

European stocks hit new highs, supporting US markets. Dec ISM manufacturing index falls unexpectedly, dampening sentiment. Fed comments vary, with Paulson dovish and Kashkari slightly hawkish. Focus on upcoming US economic data this week.

Interest rates rise slightly, T-notes up on dovish Fed comments and geopolitical risks. European bond yields drop. Overseas stock markets climb, with Euro Stoxx 50, Shanghai Composite, and Nikkei up. Markets discount 16% chance of a Fed rate cut.

Chipmakers and energy companies lead market gains. Valero Energy up over 11%, Halliburton and SLB up over 10%. Mining stocks rise, with gold, copper, and silver prices up. Bitcoin climbs 4%, Coinbase up over 7%. Moody’s, United Rentals, and Mobileye see gains. Versant Media Group, Domino’s Pizza, Fortive Corp, and Pentair Plc decline. No earnings reports today.

Read more at Nasdaq: Chip Makers and Energy Producers Lead Stock Indexes Higher