The S&P 500 fell 0.9% on Monday, while the Nasdaq fell 0.8%. The fall in both the indices was cushioned by a 3.5% surge in Google-parent Alphabet, which rose after Berkshire Hathaway disclosed a stake worth nearly $5 billion in the company. Rest of the big tech shares, including Nvidia, ended lower.
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CNBC TV1807-01-2026, 04:54

Dow Jones Soars 1,500 Points in 3 Sessions; S&P 500 Hits Record High

  • Dow Jones gained nearly 1,500 points in three sessions, closing above 49,000 for the first time.
  • S&P 500 reached a new record high near 6,950; Nasdaq also gained but remains below its record.
  • Nvidia shares fell despite strong Chinese demand for H200 AI chips and bright revenue outlook.
  • December Services PMI showed weakest expansion since April; Federal Reserve rate cut hopes persist.
  • Gold and Silver prices rallied, while Brent crude returned to $60/barrel after US invasion of Venezuela.

Why It Matters: Wall Street indices continue a strong 2026 start, driven by broad gains and optimistic forecasts.

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