Nasdaq jumps more than 1% as tech-related shares gain
Nasdaq ends up >1%, S&P 500 up ~0.4%; Dow dips
Cons Disc leads S&P sector gainers; Energy down most
Dollar ~flat; gold gains; crude off ~1%; bitcoin up ~3%
U.S. 10-Year Treasury yield ~flat at ~4.40%
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NASDAQ JUMPS MORE THAN 1% AS TECH-RELATED SHARES GAIN
The Nasdaq .IXIC registered a record closing high on Monday, rising more than 1%, and the S&P 500 .SPX also gained as tech-related stocks led the way higher.
The Dow .DJI finished lower, its eighth decline in a row, matching an eight-day run of losses from June 2018.
Consumer discretionary .SPLRCD, communication services .SPLRCL and technology .SPLRCT sectors were the day's top sector performers for the S&P 500, with the technology and discretionary indexes also posting record closing highs.
Still, investors are anxious to hear the Federal Reserve's announcement on Wednesday. Traders are pricing in a roughly 95% chance of a 25 basis point rate reduction, according to the CME's FedWatch Tool.
Cryptocurrency stocks were higher as bitcoin BTC= rose above $107,000, extending its recent rally. Shares of Coinbase Global COIN.O were up 1.5%.
Here is the closing market snapshot:
(Caroline Valetkevitch)
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FOR MONDAY'S EARLIER LIVE MARKETS POSTS:
EVERCORE ISI SEES S&P 500 AT 6,800 BY YEAR-END 2025 - CLICK HERE
MIGHT THE INFLATION DRAGON RETURN TO BREATHE FIRE IN 2025? - CLICK HERE
MONDAY DATA ROUNDUP: FLASH PMI, EMPIRE STATE - CLICK HERE
TESLA'S ROAD TO $2 TRILLION: MUSK'S BET ON TRUMP FUELS LOFTY ANALYST TARGET - CLICK HERE
U.S. INDEXES RISE EARLY WITH TECH-RELATED SHARES - CLICK HERE
NOMURA'S GLOBAL 2025 OUTLOOK: FROM BOOM TO GLOOM - CLICK HERE
S&P 500 INDEX: HITTING A WALL? - CLICK HERE
SIX KEY CATALYSTS FOR GLP-1s IN 2025 - BARCLAYS - CLICK HERE
JEFFERIES STILL POSITIVE ON EUROPE'S GAMING SECTOR - CLICK HERE
THE ECB IS WIDE OPEN TO CUTTING RATES BELOW NEUTRAL - BOFA - CLICK HERE
EUROPE BEFORE THE BELL: FUTURES SOFT AT START OF CENTRAL BANK HEAVY WEEK - CLICK HERE
CHINESE CONSUMERS SHUT UP SHOP - CLICK HERE
closing snapshot https://tmsnrt.rs/3BA1QUb
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