On Monday, the S&P 500 Index closed up by 0.64%, the Dow Jones Industrials Index rose 0.47%, and the Nasdaq 100 Index increased by 0.46%. Support from technology stocks, particularly Tesla (TSLA) and Nvidia (NVDA), both up over 1%, contributed to this upward movement. Additionally, March E-mini S&P futures increased by 0.63%, while the March E-mini Nasdaq futures rose by 0.49%. Sentiment improved for AI stocks after Micron (MU) reported positive results, further boosting chip stocks.
Treasury yields fluctuated, with the 10-year T-note yield rising to 4.163%. The Treasury will sell $70 billion of 5-year T-notes and $28 billion of 2-year floating rate notes on Tuesday, following Monday’s auction of $69 billion in 2-year T-notes. Overseas, the Euro Stoxx 50 closed down 0.29%, while China’s Shanghai Composite gained 0.69% and Japan’s Nikkei 225 increased by 1.81%.
In stock movements, Micron gained 4%, while cryptocurrency-related stocks closed mixed. Warner Bros Discovery rose over 3% after a major investment announcement, while Honeywell fell 1.6% after adjusting its business guidance. Janus Henderson surged more than 3% following news of a $7.4 billion acquisition deal.
