U.S. stocks rose at the end of Monday's trading, driven by positive performance in semiconductor companies, as investor sentiment recovered from the repercussions of the selling wave that hit the sector last week.

Index

Index Reading

Change Value

Change (%)

53,055.91

155.84

0.29 %

26,121.16

288.49

1.12 %

7,537.43

54.19

0.72 %

25,817.89

38.58

0.15 %

8,479.87

(28.20)

(0.33 %)

10,651.77

(27.23)

(0.26 %)

23,616.32

266.29

1.14 %

69,737.69

(6.38)

(0.01 %)

78,285.07

521.16

0.67 %

At the close, the Dow Jones Industrial Average rose 0.29%, or 155 points, to 53,055 points, closing above 53,000 points for the first time in its history.

The broader S&P 500 rose 0.72%, or 54 points, to 7,537 points, and the Nasdaq Composite rose 1.12%, or 288 points, to 26,121 points.

In Europe, the STOXX Europe 600 fell 0.35% to 650 points, after closing at a record level last week.

The UK's FTSE 100 fell 0.26% to 10,651 points, France's CAC 40 fell 0.33% to 8,479 points, while Germany's DAX rose 0.15% to 25,817 points.

In Japan, the Nikkei 225 erased early losses and settled at 69,737 points at the close, while the broader Topix rose 0.90% to 4,101 points.

Commodity

Price

Change Value

Change (%)

71.99

(0.13)

(0.18 %)

68.55

(0.14)

(0.20 %)

4,261.40

42.10

0.98 %

Regarding oil, benchmark Brent crude futures for September delivery fell 0.18%, or 13 cents, to $71.99 per barrel.

U.S. West Texas Intermediate (WTI) crude futures for August delivery fell 0.20%, or 14 cents, to $68.55 per barrel.

Gold futures for August delivery rose 1%, or $41.80, to $4,167.50 per ounce.

What is driving the markets? Gains in chip stocks boosted investor appetite amid optimism over continued strong earnings from AI companies, while traders await the earnings season and the Federal Reserve meeting minutes to gauge the path of interest rates in the coming period.