Stocks rise to start week as oil prices fall, tech shares gain before key earnings: Live updates
U.S. stock markets saw an uptick on Monday, driven by falling oil prices and a tech-sector boost as investors anticipated upcoming earnings from major tech companies. The Nasdaq Composite and the S&P 500 gained 1.1% and 0.8%, respectively, as lower oil prices eased inflation concerns and renewed interest in growth sectors. Crude oil prices dropped by approximately 5% amid reduced concerns about inflation and slightly diminished tensions in the Middle East.
Tech giants like Nvidia, Tesla, and Microsoft benefited from these shifts, with investors particularly interested in companies connected to AI. This week’s earnings reports from large tech firms are also expected to shape market sentiment further, with major banks set to report later in the week. This aligns with a broader focus on potential Federal Reserve actions, as the Fed meeting and September’s Consumer Price Index report this week are expected to provide further insight into inflation and interest rates