Stocks close mostly higher Monday despite higher rates; AI and tech take center stage
Stocks were higher Monday.
Stocks were higher Monday.
Federal Reserve Gov. Lisa Cook gave one of the bluntest warnings an official at the central bank has ever delivered about the stock market.
Huang is scheduled to deliver his keynote at 6:20 p.m. PST on Monday at the annual Consumer Electronics Show (CES) in Las Vegas.
Shares of American Airlines surged Monday after brokerages Jefferies and TD Cowen upgraded and raised their price targets on the air carrier's stock.
T-Mobile US shares dropped Monday as Wells Fargo and RBC analysts downgraded the stock and cut their price targets.
Five Below stock has pulled back to its 80-day moving average
US benchmark equity indexes were higher intraday amid a surge in certain chipmaker and technology st
Marvell Technology shares climbed Monday after the company said its artificial intelligence accelerator chips are now better able to increase the performance of AI servers.
U.S. companies rushed to the corporate bond markets on Monday as what is usually a seasonal fund-raising spree over the first few days of a new year gained extra momentum to get ahead of any further rise in Treasury yields - which would increase funding costs - after jobs data on Friday. Some 22 companies were offering new bonds in the U.S. investment-grade bond market on Monday, taking the tally of new borrowers to 34 in the first few days of 2025. "With spreads nearing historic levels and the market ostensibly giving up on the hope of significantly lower risk-free rates, now looks like an opportune time for corporates to fund themselves," said Connor Fitzgerald, fixed income portfolio manager at Wellington Management.
This is what could happen next to Meta Platforms' shares.