A new infrastructure deal for a chipmaker and an acquisition between regional banks combined to boost markets Monday. The leader of the AI revolution was left out of the rally, though, and the naming of a new CEO invited fresh questions from investors about the future of the biggest U.S. telecommunications company by subscriber base.
Seven of the 11 official stock market sectors closed in the green, led by consumer discretionary and communication services stocks. Real estate and consumer staples stocks lagged during a broadly positive day for many but a particularly tough session for some names.
