NVIDIA and Microsoft boosted the Nasdaq index to close at a record high on Monday, rising 1.1% to 27,477 points.
The Nasdaq Composite closed at a record high on Monday, rising 1.1% to 27,477 points, primarily boosted by tech giants such as NVIDIA and Microsoft. Investors focused on falling oil prices and anticipated upcoming quarterly earnings reports. This followed weaker-than-expected jobs data released on Friday, which lowered market expectations for a Federal Reserve interest rate hike this month. NVIDIA shares rose 2.1%, reaching a market capitalization of $5.76 trillion, while Microsoft gained 1.5%, and Meta Platforms and Tesla each climbed approximately 2%. The S&P 500 rose 0.7% to 7,773 points, and the Dow Jones Industrial Average increased 0.2% to 51,267 points.
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