S&P 500 and Nasdaq rise, led by chip stocks, following winning week: Live updates

U.S. stock markets rose on Monday, with the S&P 500 and Nasdaq advancing, led by gains in semiconductor stocks. The Dow Jones Industrial Average climbed nearly 2% last week, approaching the 53,000 level for the first time. The rally follows a winning week driven by optimism around artificial intelligence and strong corporate earnings. Chip stocks, including Nvidia and AMD, were among the top performers. The broader market is supported by expectations of a potential Federal Reserve rate pause or cut later this year. Investors are now watching upcoming economic data and earnings reports for further direction.

Global Impact

The rally in U.S. chip stocks has global implications, boosting Asian semiconductor suppliers and European tech shares. The Dow's record run reinforces investor confidence in the U.S. economy, potentially attracting foreign capital into U.S. equities.