Market Updates
U.S. Movers: Alphabet, Nvidia, Super Micro Computer
Scott Peters
18 Mar, 2024
New York City
Tech and energy stocks led the two popular indexes higher in Monday's trading.
Investors looked forward to monetary policy decisions from the U.S., U.K., and Japan, and central banks in Norway, Turkey, and Switzerland are also expected to announce their rate decisions this week.
The S&P 500 index increased 0.7% to 5,221.32, and the Nasdaq Composite rose 1.1% to 16,140.27.
The yield on 2-year Treasury notes decreased to 4.71%, 10-year Treasury notes inched up to 4.30%, and 30-year Treasury bonds edged down to 4.43%.
Nvidia jumped 2.5% to $900.60 ahead of the company's annual GTC conference, where the chipmaker is expected to release new artificial intelligence-related products.
Alphabet Inc. advanced 5.2% to $148.67 on a report that the company is in advanced talks with Apple to power its iPhones with Gemini AI.
Bloomberg News first reported the discussions between the companies, which could not be independently verified.
Super Micro Computer gained 2.4% to $1,097.99 as the company's stock traded as part of the S&P 500 index.
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