US stock indices surged on Monday, as the market braced for Big Tech earnings and a Federal Reserve interest rate decision later in the week.
At 09:37 a.m. ET, the Dow Jones Industrial Average rose 202.16 points, or 0.45%, the S&P 500 gained 27.12 points, or 0.39%, and the Nasdaq Composite gained 51.83 points, or 0.23%.
Four megacap companies – Apple, Microsoft, Meta Platforms and Tesla – will report their quarterly earnings this week.
The US Federal Reserve will begin its two-day monetary policy meeting on Tuesday. Investors widely expect the central bank to hold rates steady. Key Stock Movers
US-listed shares of gold miners jumped following the yellow metal rising to record high. Gold Fields rallied 7%, while Harmony Gold and Newmont gained 2% each.
Intel stock slipped further 4.3%, following a sharp selloff on Friday.
CoreWeave shares climbed 16% after AI chip giant Nvidia said it would invest $2 billion in the cloud infrastructure company.
USA Rare Earth stock soared 20% after reports the Trump administration was taking a 10% stake in the miner.
