US stocks: Dow rockets 1,100 points, S&P over 2% as oil slide cools inflation worries; Nvidia slumps
US stocks experienced a notable upswing on Monday following a decline in oil prices that calmed inflation worries and propelled market growth. The S&P 500 rebounded significantly after the midterm elections, with gains in nine sector indexes. Nvidia's shares fell amid uncertainty over CEO Jensen Huang's future. Analysts argue the stock market's prior drop was exaggerated, with investors now…
US stocks experienced a significant rally on Monday, driven by falling oil prices that helped ease inflation concerns. The S&P 500 climbed 2.34%, reaching 7,549.83, while the Nasdaq Composite surged 2.73%, closing at 25,250.55. The Dow Jones Industrial Average also saw a substantial increase of 2.16%, closing at 52,394.36. Despite Nvidia's sharp decline, the broader market remained positive, with nine of the 11 major S&P 500 sectors gaining more than 1%.
Investors are now awaiting key inflation reports, with the Labor Department set to release the Consumer Price Index on Tuesday and the Producer Price Index on Friday.
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- Wall St jumps as oil slide cools inflation worries; Nvidia slumps channelnewsasia.com
- US stocks jump as oil slide cools inflation worries; Nvidia slumps straitstimes.com
