Major Indices Climb in Holiday-Shortened Week

The U.S. stock market opened the week with broad-based gains on Monday, extending a rally led by a powerful rebound in the technology sector. The S&P 500 and Nasdaq Composite both notched their third consecutive day of advances, while the Dow Jones Industrial Average surged over 200 points in a session marked by renewed investor confidence.

Key Drivers and Market Movers

The momentum was fueled by several key factors:

  • Tech Sector Strength: Major technology stocks, including Nvidia, continued their recovery, providing significant support to the major indices.
  • Corporate Highlights: Oracle shares were among the notable movers following company-specific news. Tesla and Trump Media & Technology Group (DJT) also saw active trading.
  • Commodity Surge: In a parallel move, precious metals soared, with gold and silver prices reaching record territory, highlighting a diverse risk-on sentiment among investors.

Analysts suggest the rally reflects a recalibration of expectations regarding interest rates and economic resilience ahead of key inflation data later in the week. The positive start sets the tone for a holiday-shortened trading period.