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Barchart
Rich Asplund

Broader Market Settles Higher as Chip Stocks Rally

SP Nasdaq Donald Trump United States ’”Cook Daly KUGLER Nvidia Bitcoin Hon Hai Precision Industry Co

The S&P 500 Index ($SPX) (SPY) Monday closed up +0.55%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.06%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.09%.  March E-mini S&P futures (ESH25) are up +0.61%, and March E-mini Nasdaq futures (NQH25) are up +1.22%. 

Stocks on Monday settled mixed, with the S&P 500 and Nasdaq 100 posting 1-week highs.  The strength of chip makers supported gains in the broader market.  Nvidia closed up more than +3% after its Taiwanese partner, Hon Hai Precision Industry Co., reported stronger-than-expected revenue growth. Also, Microsoft closed up nearly +1% after announcing plans to spend $80 billion on data centers and raise its 2025 capex spending. 

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