Nasdaq hits record close as AI stocks surge led by Meta
U.S. stocks rose Monday with tech driving gains; Nasdaq up 2.26%, S&P 500 up 1.49%.
What to know
- Nasdaq Composite hit its first record close since June, driven by a broad rally in AI and technology stocks.
- The S&P 500 gained 1.49% and the Dow rose 0.71%, with breadth favorable (more stocks advancing than declining on both exchanges).
- NVIDIA, Intel, and Moderna led gains, while energy stocks including Chevron declined amid lower oil prices.
“S. stocks were higher after the close on Monday, as gains in the Technology, Consumer Services and Industrials sectors led shares higher.”
Investing.com · Investing.com News ↗ · Sep 20
NVIDIA Corporation Dow component, semiconductor leaderMeta AI stock, tech sector leaderIntel Corporation S&P 500 component, semiconductor leaderChevron Corp Dow component, energy sector
How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts
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Breadth favorable; oil and gold decline
Rising stocks outnumbered declining ones on the NYSE by 1485 to 1235. On the Nasdaq, 1846 stocks rose versus 1558 that fell. In commodities, November crude oil fell 4.33% to $91.92 a barrel and gold futures dropped 1.06% to $4,378.12 per troy ounce.
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background
AI stocks rally, Meta leads tech gainers — AI-related stocks drove the market higher on the session. NVIDIA rose 2.29%, while Intel surged 12.14% and Akamai Technologies jumped 12.33% on the S&P 500. Among individual movers, Moderna gained 12.26%, contributing to the broader tech rally.
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2
U.S. stocks close higher with Nasdaq at record
U.S. equities finished the trading session higher, with the Nasdaq Composite index gaining 2.26% to post its first record close since June. The S&P 500 added 1.49% while the Dow Jones Industrial Average gained 0.71%. Technology, Consumer Services, and Industrials sectors led the advance.