US stock market Monday: S&P 500, Dow Jones, Nasdaq on record high. Here are top gaining stocks

US stock market indexes traded higher on Monday as Wall Street and S&P 500 posted longest winning streak since November. S&P 500 rose 54.00 points to 5,608.25. The Dow Jones gained 236.77 to 40,896.53, and the Nasdaq composite jumped 245.05 to 17,876.77. This came after the index's best week of the year.

S&P 500 rallied 1 per cent for its eighth straight gain. That clinched its It’s back to within 1 per cent of its all-time high after falling close to 10 per cent below the mark earlier this month. Dow Jones Industrial Average gained 236 points, or 0.6 per cent, and the Nasdaq composite jumped 1.4 per cent.

Top Gaining Stocks in US Market

The tech-heavy Nasdaq led all three major US stock indexes to a higher close, with help from Nvidia, Microsoft and Alphabet.


Advanced Micro Devices helped drive the market after saying it would buy ZT Systems, a supplier in the cloud computing and artificial-intelligence industries, in a cash-and-stock deal valued at $4.9 billion. The chip company’s stock rose 4.5 per cent.

Another chip company, Nvidia, was the single strongest force pushing the S&P 500 upward after it rose 4.4 per cent. It’s clawed back most of its sharp losses from earlier in the summer, which were triggered by worries investors sent its stock price too high amid their frenzy around artificial-intelligence technology.

Riley Financial slid 5.8 per cent, extending a drop of over 65 per cent last week.

US Stock Market Volatility Index

Treasury yields held relatively steady ahead of what’s likely to be financial markets’ main event for the week: a speech on Friday by Federal Reserve Chair Jerome Powell.

The CBOE market volatility index a gauge of investor anxiety, retreated at a record pace last week from a four-year high amid growing optimism of a soft landing. Goldman Sachs lowered the odds of a US recession in the next 12 months to 20 per cent from 25 per cent following the latest weekly jobless claims and retail sales reports.

FAQs

Q1. What is Wall Street Fear Gauge?
A1. The CBOE market volatility index is a gauge of investor anxiety.

Q2. What are key indexes for US stock market?
A2. S&P 500, Dow Jones and Nasdaq composite are key indexes for US stock market.