Stock market today: Nvidia and other tech stocks drive Wall Street higher

Key Takeaways:

• U.S. stock indexes rose on Monday, recovering from a recent slide.
• The S&P 500 increased by 0.8% in early trading.
• S&P 500 set for a second consecutive gain after five straight losses.
• Dow Jones Industrial Average was up 126 points, or 0.3%.
• Nasdaq composite rose by 1.3%, leading the indexes.

Markets Rebound After Holiday Slide

U.S. stock indexes are on the rise Monday, signaling a recovery from the holiday-season slide that bridged the new year. Investors watched as the markets opened with gains, offering a hopeful tone for the week’s trading.

S&P 500 on Track After Longest Losing Streak Since April

The S&P 500 climbed 0.8% in early trading. This increase positions the index for a second straight gain following a challenging period of five consecutive losses. These five losses marked the S&P 500’s longest losing streak since April, highlighting the significance of Monday’s upward movement.

Dow Jones Industrial Average Gains 126 Points

As of 9:35 a.m. Eastern time, the Dow Jones Industrial Average had risen by 126 points, or 0.3%. The modest gain contributed to the overall positive momentum in the market, reflecting investor optimism after the recent downturn.

Nasdaq Composite Leads with 1.3% Increase

The Nasdaq composite outperformed other major indexes with a 1.3% rise in early trading. The tech-heavy index’s robust performance signaled strong interest in technology stocks, contributing to the market’s overall surge.

A Positive Start to the Week

Monday’s gains suggest a potential shift in market sentiment after the difficulties faced during the holiday season. While it’s too early to predict long-term trends, the uptick provides a welcome respite for investors looking for signs of stability.