US Stock Market Rises on Chip Stock Surge

During the regular session, the broader S&P 500 benchmark added 0.55%, while the tech-heavy Nasdaq rose 1.24%. The 30-stock Monday's advances for the S&P 500 and the Nasdaq were propelled by a surge in chip stocks after Foxconn reported that President-elect Donald Trump's tariff plan would be narrower than previously expected. Trump later disputed the report in a tweet.

Investors should expect further market volatility as the year progresses, according to Cameron Dawson, chief investment officer at NewEdge Wealth. 'That is our base case, this idea that you're going into 2025 with such a higher bar that it sets up for some choppy price action when you consider the valuations that we're starting the year with, where positioning is and where most expectations are,' Dawson said. Major economic reports that will shape the market's action loom ahead this week. The Job Openings and Labor Turnover Survey is due on Tuesday, while the ADP private payrolls report is slated for Wednesday. The main event awaits on Friday in the form of December's nonfarm payrolls report

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