The US stock market rallied on Monday following a shaky few weeks. The S&P 500 rose 102.13 points, or 1.5%, to 6,705.12 for one of its best days since the summer and added.
The US stock market rallied on Monday following a shaky few weeks.
The market also benefited from strength for stocks caught up in the artificial-intelligence frenzy. Alphabet, which has been getting praise for its newest Gemini AI model, rallied 6.3% and was one of the strongest forces lifting the S&P 500. Nvidia rose 2%. But Monday’s gains were hesitant, and the S&P 500 rallied to a gain of 1% only to halve it within the first 15 minutes of trading, before picking up momentum again. Stocks have been swinging sharply, not just day to day but also hour to hour, in recent weeks as worries weigh about what the Fed will do with interest rates and whether too much money is pouring into AI and creating a bubble.
