Stock market today: Nasdaq soars to lead stocks higher as AI hopes run high

Techs led a jump in US stocks on Monday ahead of a key Federal Reserve rate decision, as investors set aside worries about stalled interest rates to focus on hopes around AI developments. The benchmark S&P 500 gained almost 1%, while the tech-heavy Nasdaq Composite surged 1.2%. The Dow Jones Industrial Average added roughly 0.4%, signaling a comeback from Friday's losses.

Expectations are for the central bank to keep rates unchanged at a 23-year high in its decision on Wednesday. Techs were on the rise, buoyed by AI buzz as chipmaker Nvidia's annual developer conference kicked off on Monday. Meanwhile, Alphabet shares climbed after a Bloomberg report that Apple is in talks to build Google's Gemini AI engine into its next iPhone.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: S&P 500, Nasdaq futures rise as Fed rate call loomsInvestors are starting the week in an upbeat mood as techs shine ahead of a pivotal Fed policy call.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq soars to lead stocks higher, Nvidia spurs AI hopesInvestors are starting the week in an upbeat mood as techs shine ahead of a pivotal Fed policy call.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq leads declines as earnings take center stageInvestors are looking to Walmart earnings to provide insight into consumer resilience, while Nvidia's results loom large.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks retreat as Wall Street weighs hot inflation's impact on FedInvestors are weighing whether two big hot inflation prints will prompt a Fed rethink on rate cuts as its March policy meeting looms.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks waver after Fed's preferred inflation gauge meets expectationsInvestors are on edge for the PCE reading, seen as key to assessing how quickly the Fed will start cutting rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »