Please use a PC Browser to access Register-Tadawul
Get It
Wall Street Rallies, Chipmakers Soar Ahead Of Nvidia's Huang Speech, Bitcoin Reclaims $100,000: What's Driving Markets Monday?
CLEANSPARK INC -5.06% Post
Coinbase Global, Inc. -7.43% Post
Walt Disney Company -1.91% Post
FuboTV -4.84% Post
Marathon Digital -7.25% Post
CLEANSPARK INC CLSK | 7.69 7.80 | -5.06% +1.43% Post |
Coinbase Global, Inc. COIN | 177.49 178.59 | -7.43% +0.62% Post |
Walt Disney Company DIS | 96.87 96.91 | -1.91% +0.04% Post |
FuboTV FUBO | 2.95 2.97 | -4.84% +0.67% Post |
Marathon Digital MARA | 12.16 12.31 | -7.25% +1.23% Post |
Wall Street is in full risk-on mode, as traders eagerly snap up technology stocks, particularly semiconductors, ahead of Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang‘s speech later on Monday at the Consumer Electronics Show in Las Vegas.
Tech-linked indices and sector outperformed by midday trading in New York. The Nasdaq 100 notched a 1.3% increase while the iShares Semiconductor ETF (NASDAQ:SOXX) soared by over 4%, eyeing the strongest session since mid-September.
Micron Technology Inc. (NASDAQ:MU) shares led gains, flagging a 12% surge, on the back of expectations for strong AI demand. Nvidia rose 4.8%.
Among Monday’s notable headlines, The Washington Post reported Donald Trump’s economic team is exploring a more targeted version of its universal tariff plan, aiming to apply tariffs to specific sectors rather than implementing a broad measure on all imports. The dollar softened by 0.5% in reaction to the news.
The Federal Reserve announced the vice chair for supervision Michael Barr, a strong advocate for tighter banking regulations, will step down from his role in February but will retain his seat on the Board of Governors.
“The risk of a dispute over the position could be a distraction from our mission,” Barr stated, alluding to potential clashes with the incoming administration’s inclination toward looser banking regulations. Regional bank stocks reacted positively, with the S&P SPDR Regional Banking ETF (NYSE:KRE) rising 1.6% on Monday.
In commodities markets, natural gas prices rocketed by another 7% on the heels of an extension of cold temperatures, while oil prices slipped 0.7%, potentially snapping a 5-day winning streak.
Sentiment turned bullish again in cryptocurrency markets, as Bitcoin (CRYPTO: BTC) ferociously reclaimed the $100,000 mark, sending crypto-linked stocks such as Coinbase Global Inc. (NASDAQ:COIN), CleanSpark Inc. (NASDAQ:CLSK) and Microstrategy Inc. (NASDAQ:MSTR) all higher by about 6%.
Monday’s Performance In Major U.S. Indices, ETFs
| Major Indices | Price | 1-day % chg |
| Nasdaq 100 | 21,584.34 | 1.2% |
| S&P 500 | 5,996.40 | 0.9% |
| Russell 2000 | 2,284.16 | 0.7% |
| Dow Jones | 42,832.88 | 0.2% |
According to Benzinga Pro data:
- The SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.9% to $597.33.
- The SPDR Dow Jones Industrial Average (NYSE:DIA) rose 0.4% to $429.05.
- The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) rose 1.3% to $525.31.
- The iShares Russell 2000 ETF (NYSE:IWM) soared 0.9% to $226.44.
- The Technology Select Sector SPDR Fund (NYSE:XLK) outperformed, up 1.7%; the Utilities Select Sector SPDR Fund (NYSE:XLU) lagged, down 0.7%.
Monday’s Stock Movers
- Shares of Paycor HCM Inc. (NASDAQ:PYCR) surged 23% after reports surfaced that the company is nearing a potential acquisition by Paychex Inc. (NASDAQ:PAYX).
- Palantir Technologies Inc. (NASDAQ:PLTR) tumbled over 4% following a cautious note from Morgan Stanley.
- Fubotv Inc. (NYSE:FUBO) skyrocketed by 220% after Walt Disney Co. (NYSE:DIS) announced to combine its Hulu + Live TV business with Fubo.
Read Next:
- Big Tech’s Date With Antitrust: Alphabet, Meta, Amazon Brace For Legal Showdowns In 2025
Photo: Shutterstock