Traders works on the floor of the New York Stock Exchange. <\/p>\n
NYSE<\/p>\n
The Nasdaq Composite<\/a> rose on Monday as investors moved further into the artificial intelligence trade following a number of deal announcements.<\/p>\n The tech-heavy Nasdaq advanced 0.5%, while the S&P 500<\/a> traded around the flatline. The Dow Jones Industrial Average<\/a> lagged, falling 247 points, or 0.5%.<\/p>\n “Magnificent Seven” name Amazon<\/a> supported the market, with shares rallying 4% after the company reached a $38 billion deal<\/a> with OpenAI. Notably, the partnership will utilize hundreds of thousands of Nvidia’s<\/a> graphics processing units.<\/p>\n Shares of chipmakers saw a boost as well Monday after data center company Iren<\/a> reached a multiyear $9.7 billion deal<\/a> with Microsoft<\/a> to provide the megacap technology company access to Nvidia GB300 GPUs. Shares of Iren were last up 19%. Micron Technology<\/a> gained 4% to lead chip stocks higher, while Nvidia<\/a> was up 2%. The VanEck Semiconductor ETF (SMH)<\/a> climbed 1%.<\/p>\n Nvidia shares continued to move higher Monday following Microsoft’s announcement that it has secured export licenses<\/a> from the Trump administration to ship Nvidia chips to the United Arab Emirates. The company added that its total UAE investment will amount to $15.2 billion by the end of 2029.<\/p>\n Outside of technology stocks, however, little was gaining in the trading day, as more than 400 stocks in the S&P 500 were in the red. This weak breadth has been an ongoing concern of the market<\/a>, with more stocks in the major benchmark declining than rising in October, even as the artificial intelligence trade pushed it higher for the month.<\/p>\n Wall Street is coming off a winning session that added to the benchmark’s October gains. The S&P 500 and Dow industrials climbed 2.3% and 2.5%, respectively, for the month. The Nasdaq Composite outperformed, gaining 4.7%. Those gains were driven in part by continued momentum in the AI trade as well as signs of easing trade tensions between the U.S. and China.<\/p>\n More than 300 S&P 500 companies have posted third-quarter results thus far. Of those, over 80% have beaten expectations, according to FactSet. Wall Street will get another 100-plus companies reporting this week, including AI-related names Palantir<\/a> and AMD<\/a>.<\/p>\n “Fundamentally, the U.S. earnings picture remains strong and supported by these 3 factors: AI spending visibility remains strong and Amazon’s strong 3Q25 report is the latest evidence of this; financials are driving innovation via blockchain; the Fed is dovish and lowering interest rates; and QT (quantitative tightening) is ending Dec 1,” wrote Tom Lee, head of research at Fundstrat.<\/p>\n Wall Street may get a seasonality boost this month. Data from the Stock Trader’s Almanac shows the S&P 500 averages a 1.8% gain in November, making it the strongest month historically for the benchmark.<\/p>\n","protected":false},"excerpt":{"rendered":"Traders works on the floor of the New York Stock Exchange. NYSE The Nasdaq Composite rose on Monday…\n","protected":false},"author":2,"featured_media":113203,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[10387,356,9184,941,114,357,1761,1012,11692,85,942,50373,46,190,10809,10388,355,1763,1008,1677,9505,1762,3310,1760,79,1032,12389,196],"class_list":["post-113202","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-advanced-micro-devices-inc","tag-amazon-com-inc","tag-breaking-news-investing","tag-breaking-news-markets","tag-business","tag-business-news","tag-dow-jones-fut-sep25","tag-dow-jones-industrial-average","tag-howard-lutnick","tag-il","tag-investment-strategy","tag-iren-ltd","tag-israel","tag-markets","tag-meta-platforms-inc","tag-micron-technology-inc","tag-microsoft-corp","tag-nasdaq-100-fut-sep25","tag-nasdaq-composite","tag-nvidia-corp","tag-palantir-technologies-inc","tag-sp-500-fut-sep25","tag-sp-500-index","tag-stock-markets","tag-united-arab-emirates","tag-united-states","tag-vaneck-semiconductor-etf","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/113202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=113202"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/113202\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/113203"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=113202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=113202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=113202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}