The stock market saw significant gains today, with Palantir Technologies (PLTR) and Nvidia (NVDA) leading the charge. The Nasdaq index outperformed the Dow Jones Industrial Average, while steel stocks surged over 5% as a group. Nvidia’s stock rallied to a critical level, driven by its partnership with Tesla for self-driving electric vehicles. Meanwhile, Fed Chairman Jerome Powell is set to testify, and investors will be watching closely for any updates on the future of interest rates.
Nvidia’s strong performance has helped ease concerns about its recent partnership with OpenAI. The company’s stock has rallied in response, showing signs of resilience despite market volatility. With earnings on the horizon from Taiwan Semiconductor, investors are weighing whether to buy or sell Nvidia shares now.
Source: https://www.investors.com/market-trend/stock-market-today/stock-market-today-dow-jones-sp-500-monday-stock-mndy-steel