Wall Street Closes with Gains, Led by Nvidia
Wall Street’s main indices closed Monday’s session with gains, buoyed by mega-cap stocks, including several members of the “Magnificent Seven.”
The Dow Jones Industrial Average, consisting of 30 blue-chip companies, rose 0.16% to 42,906.95 points. The SPX 500, which tracks 500 of the most valuable firms, climbed 0.73% to 5,974.07 points, while the Nasdaq Composite gained 0.98%, closing at 19,764.88 points.
Nvidia and Other Mega-Caps Lead the Rally
Nvidia shares surged 3.66%, marking their third consecutive day of gains after a 15% drop from their recent all-time high earlier this month. Other notable performers included Meta (+2.49%), Tesla (+2.30%), and Alphabet (+1.57%).
These high-cap stocks played a pivotal role in lifting the indices, especially as lower year-end trading volumes amplified their impact. The Nasdaq, in particular, benefited from this momentum, notching its third straight session of gains.
Broader Confidence in the Market
Investor sentiment was further bolstered by the passage of a budget law that averted a government shutdown, easing concerns about disruptions to economic activity.
Year-to-date, the indices show significant progress: the Dow has gained 13.84%, the S&P 500 is up 25.25%, and the Nasdaq leads with a 31.67% increase.
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