U.S. stock markets closed higher on Monday, rebounding from recent lows with the Dow Jones Industrial Average rising 0.8% to close at 46,946.41, an increase of 387.94 points. The Nasdaq Composite gained 1.2%, finishing at 22,374.18, while the S&P 500 rose 1% to 6,699.38. A total of 17.4 billion shares were traded, below the 20-session average of 19.9 billion. The CBOE Volatility Index (VIX) decreased by 13.5% to 23.51.
Crude oil prices dropped, with West Texas Intermediate (WTI) futures falling 5.3% to $93.50 per barrel, despite ongoing geopolitical tensions in the Middle East. Last week, the International Energy Agency announced the release of 400 million barrels of crude oil—the largest action in its history—aimed at normalizing global supply.
NVIDIA Corporation announced a forecast of $1 trillion in total purchase orders for its next-generation chips by 2027 during its developer conference, significantly up from a previous estimate of $500 billion by 2025. In a separate deal, Meta Platforms secured a $27 billion contract with Nebius Group for AI infrastructure, which is expected to enhance its cloud computing capabilities.
