The stock market saw gains on Monday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq all rising as investors prepared for the upcoming Federal Reserve meeting. Nvidia and Tesla stocks surged, with Nvidia hosting its “AI Woodstock” event and Tesla announcing a price increase for its Model Y vehicles.
In morning trading, the Dow Jones Industrial Average rose by 0.3%, the S&P 500 gained 1%, and the Nasdaq composite rallied by 1.6%. Exchange-traded funds like the Nasdaq 100 tracker Invesco QQQ Trust ETF and the SPDR S&P 500 ETF also saw gains.
Meanwhile, key companies like Google, Alphabet, and Tesla made significant moves in the market. Alphabet surged more than 6% on reported discussions with Apple, while Tesla announced a price increase for its Model Y vehicles.
Looking ahead, investors are focused on the Federal Reserve’s upcoming policy meeting and interest rate decision. Housing data and earnings reports from companies like Nike, Micron Technology, and KB Home are also on the radar this week.
Overall, the stock market is showing positive momentum with various stocks making significant moves and opportunities for investors to watch.
