Wall Street Rallies, Chipmakers Soar Ahead Of Nvidia's Huang Speech, Bitcoin Reclaims $100,000: What's Driving Markets Monday?

CLEANSPARK INC +1.43%
Coinbase Global, Inc. +8.44%
Walt Disney Company +0.33%
FuboTV +6.85%
Marathon Digital +4.13%

CLEANSPARK INC

CLSK

10.67

+1.43%

Coinbase Global, Inc.

COIN

298.11

+8.44%

Walt Disney Company

DIS

109.59

+0.33%

FuboTV

FUBO

3.90

+6.85%

Marathon Digital

MARA

16.91

+4.13%

Wall Street is in full risk-on mode, as traders eagerly snap up technology stocks, particularly semiconductors, ahead of Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang‘s speech later on Monday at the Consumer Electronics Show in Las Vegas.

Tech-linked indices and sector outperformed by midday trading in New York. The Nasdaq 100 notched a 1.3% increase while the iShares Semiconductor ETF (NASDAQ:SOXX) soared by over 4%, eyeing the strongest session since mid-September.

Micron Technology Inc. (NASDAQ:MU) shares led gains, flagging a 12% surge, on the back of expectations for strong AI demand. Nvidia rose 4.8%.

Among Monday’s notable headlines, The Washington Post reported Donald Trump’s economic team is exploring a more targeted version of its universal tariff plan, aiming to apply tariffs to specific sectors rather than implementing a broad measure on all imports. The dollar softened by 0.5% in reaction to the news.

The Federal Reserve announced the vice chair for supervision Michael Barr, a strong advocate for tighter banking regulations, will step down from his role in February but will retain his seat on the Board of Governors.

“The risk of a dispute over the position could be a distraction from our mission,” Barr stated, alluding to potential clashes with the incoming administration’s inclination toward looser banking regulations. Regional bank stocks reacted positively, with the S&P SPDR Regional Banking ETF (NYSE:KRE) rising 1.6% on Monday.

In commodities markets, natural gas prices rocketed by another 7% on the heels of an extension of cold temperatures, while oil prices slipped 0.7%, potentially snapping a 5-day winning streak.

Sentiment turned bullish again in cryptocurrency markets, as Bitcoin (CRYPTO: BTC) ferociously reclaimed the $100,000 mark, sending crypto-linked stocks such as Coinbase Global Inc. (NASDAQ:COIN), CleanSpark Inc. (NASDAQ:CLSK) and Microstrategy Inc. (NASDAQ:MSTR) all higher by about 6%.

Monday’s Performance In Major U.S. Indices, ETFs

Major Indices Price 1-day % chg
Nasdaq 100 21,584.34 1.2%
S&P 500 5,996.40 0.9%
Russell 2000 2,284.16 0.7%
Dow Jones 42,832.88 0.2%
Updated at 1:15 p.m. ET

According to Benzinga Pro data:

  • The SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.9% to $597.33.
  • The SPDR Dow Jones Industrial Average (NYSE:DIA) rose 0.4% to $429.05.
  • The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) rose 1.3% to $525.31.
  • The iShares Russell 2000 ETF (NYSE:IWM) soared 0.9% to $226.44.
  • The Technology Select Sector SPDR Fund (NYSE:XLK) outperformed, up 1.7%; the Utilities Select Sector SPDR Fund (NYSE:XLU) lagged, down 0.7%.

Monday’s Stock Movers

  • Shares of Paycor HCM Inc. (NASDAQ:PYCR) surged 23% after reports surfaced that the company is nearing a potential acquisition by Paychex Inc. (NASDAQ:PAYX).
  • Palantir Technologies Inc. (NASDAQ:PLTR) tumbled over 4% following a cautious note from Morgan Stanley.
  • Fubotv Inc. (NYSE:FUBO) skyrocketed by 220% after Walt Disney Co. (NYSE:DIS) announced to combine its Hulu + Live TV business with Fubo.

Read Next:

  • Big Tech’s Date With Antitrust: Alphabet, Meta, Amazon Brace For Legal Showdowns In 2025

Photo: Shutterstock

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