The S&P 500 and Nasdaq Composite rose for a third consecutive session, fueled by strong performance from major tech stocks amid positive earnings sentiment and broad market momentum.
- S&P 500 closed at 5,432.67, up 0.8%
- Nasdaq Composite gained 1.1% to reach 18,942.15
- Nvidia (NVDA) surged 3.2% on strong revenue of $28.8B
- Apple (AAPL) and Microsoft (MSFT) rose 1.6% and 1.3%, respectively
- Tech sector led gains with a 1.7% rise, outpacing other sectors
- Over 70% of S&P 500 components recorded positive returns
U.S. equity markets extended their upward trend on Monday, with the S&P 500 closing 0.8% higher at 5,432.67 and the Nasdaq Composite gaining 1.1% to end at 18,942.15. The Dow Jones Industrial Average added 0.5%, finishing at 42,570.44, marking its third straight day of gains. The rally was led by technology stocks, particularly names in semiconductors and cloud infrastructure, which showed robust investor appetite following recent earnings reports from sector leaders. The strength in tech shares was underscored by a 3.2% surge in Nvidia Corporation (NVDA), which rallied after reporting quarterly revenue of $28.8 billion—exceeding expectations—and confirming elevated demand for AI-driven data center chips. Apple Inc. (AAPL) advanced 1.6% after unveiling new services integrations, while Microsoft Corp. (MSFT) rose 1.3% as investors reacted positively to its latest enterprise software update. These moves contributed significantly to the broader index gains, with the Information Technology sector outperforming all others, up 1.7% on the day. Market breadth improved as over 70% of components in the S&P 500 posted gains. Treasury yields remained subdued, with the 10-year U.S. note yield holding steady near 4.71%, supporting risk-on sentiment. Analysts noted that continued resilience in corporate earnings, especially from high-growth sectors, has reinforced confidence in forward-looking economic assumptions despite lingering concerns about inflationary pressures. The sustained rally has bolstered investor confidence ahead of the upcoming December Fed meeting, with expectations of potential rate cuts in early 2026 now factoring into pricing. Sector-specific ETFs tied to semiconductors and digital transformation also saw significant inflows, indicating deeper allocation shifts toward innovation-driven equities.