The S&P 500 Index ($SPX) (SPY) on Monday closed up +0.64%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.47%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.46%. March E-mini S&P futures (ESH26) rose +0.63%, and March E-mini Nasdaq futures (NQH26) rose +0.49%.
Stock indexes on Monday closed higher on support from tech stocks and strength in some of the Magnificent Seven, with Tesla (TSLA) and Nvidia (NVDA) closing up more than +1%. Sentiment towards AI stocks has improved after Micron’s (MU) positive results last week, which also supported chip stocks. Also, precious metals miners showed strength Monday, after gold and silver posted new record highs.
