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Barchart
Barchart
Rich Asplund

Stocks Recover as Data Storage Companies and Chip Makers Rally

The S&P 500 Index ($SPX) (SPY) on Monday closed up +0.16%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.17%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.08%.  March E-mini S&P futures (ESH26) rose +0.16%, and March E-mini Nasdaq futures (NQH26) rose +0.09%.

Stock indexes recovered from early losses on Monday and settled higher, with the S&P 500 posting a new record high and the Nasdaq 100 posting a 2.25-month high.  Strength in data storage companies and chip makers led the overall market higher on Monday. Also, mining stocks rallied on Monday after gold and silver prices soared to all-time highs.

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