US equities advanced on Monday, rebounding from last week’s volatility as investors reassessed both speculative AI trades and an improving macroeconomic backdrop. The Nasdaq 100 climbed 1%, the S&P 500 rose 0.7%, and the Dow added 150 points, once again challenging its all-time high above 52,000. Energy markets extended the recent pullback in oil and fuel prices that had driven last week’s sharp drop in Treasury yields, easing financing conditions for US corporates.
At the same time, positioning swung back in favor of AI-related names across both hyperscalers and chipmakers, with Nvidia, Intel, Microsoft, Amazon, and Meta each gaining roughly 2%. These segments had been choppy last week as robust guidance from semiconductor producers ran up against increasingly hard-to-justify capital-raising, highlighted by SpaceX’s latest debt issuance. Elsewhere, Comcast surged more than 20% after announcing plans to spin off NBCUniversal into a newly listed media company.
