02.02.202615:15:20UTC+00US Stocks Rebound

On Monday, U.S. stocks rebounded from early declines as markets brushed off the selloff in precious metals, which led to increased margins on major exchanges in anticipation of significant earnings reports this week. The S&P 500 and the Dow Jones Industrial Average both rose by 0.5%, while the Nasdaq 100 climbed over 0.7%. Technology stocks spearheaded the recovery, with Oracle advancing 1.5% after revealing intentions to raise $50 billion through debt and equity to expand its cloud infrastructure. Furthermore, Palantir saw a 2% increase ahead of its earnings announcement after the market close. Meanwhile, AMD, Alphabet, and Amazon also showed strong performance in advance of their upcoming earnings releases. Conversely, Nvidia's shares dropped by approximately 2% following the announcement that its planned $100 billion investment in OpenAI had encountered delays. In addition, shares of miners and energy producers declined significantly due to the fall in the prices of gold, oil, and natural gas. Lastly, bank stocks remained subdued amid the backdrop of a steeper yield curve, especially following the nomination of Kevin Warsh, who is known for his opposition to a large Federal Reserve balance sheet, as Fed Chairman by President Trump.