Wall Street is in full risk-on mode, as traders eagerly snap up technology stocks, particularly semiconductors, ahead of Nvidia Corp.(NASDAQ:NVDA) CEO Jensen Huang‘s speech later on Monday at the Consumer Electronics Show in Las Vegas.
The Nasdaq 100 notched a 1.3% increase while the iShares Semiconductor ETF (NASDAQ:SOXX) soared by over 4%, eyeing the strongest session since mid-September.Micron Technology Inc.(NASDAQ:MU) shares led gains, flagging a 12% surge, on the back of expectations for strong AI demand.Nvidia rose 4.8%.
Among Monday’s notable headlines, The Washington Post reported Donald Trump’s economic team is exploring a more targeted version of its universal tariff plan, aiming to apply tariffs to specific sectors rather than implementing a broad measure on all imports.
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