FX.co ★ US Stocks Rebound

U.S. stocks saw an uptick on Monday, with the S&P 500 climbing 0.5%, the Dow Jones advancing by 220 points, and the Nasdaq increasing by 0.6%. This recovery followed a tech-driven decline on Friday, fueled by concerns over persistent inflation and AI investments reliant on debt. Investors are gearing up for a week bustling with critical economic indicators aimed at assessing the state of the U.S. economy, notably the upcoming jobs report and Consumer Price Index (CPI) release. Additionally, the market is attentively waiting for insights from various Federal Reserve officials, and news regarding the appointment of the new Fed Chair. Recent reports suggest that President Trump has narrowed his choices to former Federal Reserve Governor Kevin Warsh or National Economic Council Director Kevin Hassett. The consumer discretionary sector topped performance charts, whereas the energy sector struggled to achieve positive momentum. In major caps, Nvidia experienced a 1.6% increase, Tesla surged by over 4%, while Broadcom declined by 1%, continuing its 11.4% drop from Friday.