During the regular session, the broader S&P 500 benchmark added 0.55%, while the tech-heavy Nasdaq rose 1.24%. 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,' he 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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Stocks Rise After Foxconn Report on Trump Tariffs; Volatility ExpectedThe S&P 500 and Nasdaq saw gains fueled by increased chip stock prices following Foxconn's report that President Trump's tariffs will be less extensive than anticipated. Investors anticipate ongoing market fluctuations throughout the year. Key economic data releases, including the Job Openings and Labor Turnover Survey, ADP private payrolls report, and December's nonfarm payrolls report, are scheduled for this week.
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Premarket Movers: FuboTV Soars on Disney Deal, Chip Stocks Rise on Foxconn ResultsAmerican Airlines, FuboTV, Boeing, Citigroup and chip stocks are among the companies making headlines ahead of the opening bell.
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Foxconn's Q4 Revenue Surge Driven by AI Demand, Boosts Global Chip StocksFoxconn's strong fourth-quarter performance, fueled by demand for cloud and networking products, including AI servers, propelled a surge in global semiconductor stocks.
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Global chip stocks climb as Foxconn's bumper results show a continuation of the AI boomGlobal semiconductor stocks climbed on Monday after Foxconn posted record fourth-quarter revenue, suggesting the AI boom has far more room to run.
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Foxconn's AI-Driven Growth Propels Global Chip Stocks HigherFoxconn's strong fourth-quarter revenue, driven by cloud and networking products including AI servers, fueled a rally in global semiconductor stocks. TSMC, Nvidia, and other chip companies saw significant share price gains.
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Foxconn's Q4 Revenue Soars on AI Server Demand, Lifting Global Semiconductor StocksFoxconn's strong fourth-quarter revenue driven by cloud and networking products, including AI servers, boosted semiconductor stocks worldwide. TSMC, Nvidia, AMD, and other chipmakers saw share price gains.
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