Dow, S&P 500 Rebound in 2026 Opener; Chip Stocks Soar, No Santa Rally

Business
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Moneycontrol•03-01-2026, 08:20
Dow, S&P 500 Rebound in 2026 Opener; Chip Stocks Soar, No Santa Rally
- •Dow and S&P 500 ended higher on the first trading day of 2026, breaking a four-day losing streak, while Nasdaq saw a slight dip.
- •Gains were fueled by strong performances from chip makers like Nvidia and Intel, along with industrial giants Boeing and Caterpillar.
- •Despite the rebound, market heavyweights Apple, Microsoft, Amazon, and Tesla experienced losses, tempering overall gains.
- •The market missed a "Santa Claus rally" but showed a "buy the dip, sell the rip" mentality, with investors eyeing future Fed policy and potential rate cuts.
- •Concerns about Trump's potential tariffs remain, though a recent delay for furniture tariffs boosted related retail stocks.
Why It Matters: Dow, S&P 500 start 2026 higher, driven by chips; Fed policy & tariffs key ahead.
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