Market Performance - Wall Street is experiencing its third consecutive day of gains, with major indices reaching record levels as investor optimism grows regarding corporate earnings and anticipated rate cuts [1] - The S&P 500 increased by 0.4% to 6,690 points, the Nasdaq 100 rose by 0.6% to nearly 24,750, and the Dow gained 0.1% to 46,350 [1][8] - The small-cap Russell 2000 also saw a rise of 0.3% [1] Technology Sector - The technology sector, represented by the Technology Select Sector SPDR Fund (XLK), has surged by 4% over the past three sessions, marking its strongest three-day rally since May [2] - For September, tech stocks have increased by 7.5%, positioning them for their best September performance since 2010 [2] Major Companies - NVIDIA Corp. (NVDA) and Apple Inc. (AAPL) have both risen over 3%, contributing to the combined valuation of the "Magnificent Seven" reaching a record $20.9 trillion [3] - The top 10 most valuable U.S. companies now have a market capitalization of $24.3 trillion, with Nvidia alone valued at $4.44 trillion [3] Precious Metals - Gold prices have increased by 1.5%, surpassing $3,700 per ounce, while silver has gained 2%, approaching the $44 level [3] Cryptocurrency Market - Risk sentiment in the cryptocurrency market is declining, with Bitcoin dropping over 2% to $112,000, and altcoins like Ethereum, Solana, and Cardano experiencing sharper declines [4] S&P 500 Performance - The top five gainers in the S&P 500 include Teradyne Inc. (11.23%), Moderna Inc. (7.30%), Super Micro Computer Inc. (5.47%), Oracle Corp. (5.29%), and Westinghouse Air Brake Technologies Corp. (5.20%) [6] - The sole loser in the S&P 500 is Kenvue Inc., which fell by 5.19% [7]
Stocks Extend Records, Gold Soars To $3,740: What's Moving Markets Monday?