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The Economic Times
The Economic Times

US stocks: Nasdaq gains 1% at close as earnings optimism lifts Wall Street

Nasdaq United States Microsoft Nvidia Group of Seven Oil the Middle East

The Nasdaq notched a record high close on Monday, lifted by Nvidia and Microsoft, as investors focused on a dip in oil prices and looked ahead to quarterly earnings reports.

According to preliminary data, the S&P 500 gained 51.50 points, or 0.67%, to end at 7,774.22 points, while the Nasdaq Composite gained 289.42 points, or 1.06%, to 27,480.28. The Dow Jones Industrial Average rose 94.59 points, or 0.18%, to 51,274.32.

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