05.01.202615:31:39UTC+00US Stocks Rise, Dow Tops Record High

At the outset of the first full trading week of the year, US stock markets witnessed an upward trend on Monday. The Dow Jones Industrial Average soared nearly 600 points, marking a fresh all-time high. Concurrently, the S&P 500 advanced by 0.7%, and the Nasdaq Composite increased by approximately 0.9%. Energy stocks spearheaded these gains, fueled by the anticipation that US corporations might capitalize on the overhaul of Venezuela's oil infrastructure. Chevron saw a 3.5% increase, Exxon Mobil reported a 0.7% rise, and ConocoPhillips noted a 1.3% uptick. Furthermore, consumer discretionary and financial stocks experienced substantial gains; notably, Goldman Sachs rose by 4.8%, JPMorgan Chase by 3.1%, and American Express by 2.6%. Additionally, Amazon advanced by 3.0%, Meta Platforms increased by 1.9%, and Tesla surged by 3.6%. The semiconductor sector also flourished, with companies like Micron Technology seeing a 0.7% uptick, Intel a 1.4% rise, and Nvidia a 0.5% gain. Conversely, shares in the utilities and healthcare sectors lagged behind.