Test english post 2024-10-15 17:10

US stocks rose on Monday to head for fresh record highs as Nvidia shares climbed and investors prepared for more big bank earnings to test that rally and the chances of an economic “soft landing.”

The S&P 500 (^GSPC) moved up 0.7% to head for a fresh record after ending above 5,800 for the first time on Friday. The tech-heavy Nasdaq Composite (^IXIC) jumped 0.8%. The Dow Jones Industrial Average (^DJI) hovered above the flatline.

Tech stocks led the gains, with chip giant (NVDA) shares rising toward new highs, up more than 3% during the session. Other semiconductor stocks also surged including chip equipment designer ASML (ASML), Arm Holdings (ARM) and Applied Materials (AMAT).