USA: S&P 500, Nasdaq 100 Extends Record High.
Stocks in the US closed higher on Monday, lifted by tech gains as investors looked ahead to Wednesday’s Federal Reserve decision. The S&P 500 rose 0.4%, the Nasdaq advanced 0.8% to extend its record high, and the Dow added about 50 points. Tesla jumped 3.6% after CEO Elon Musk disclosed a nearly $1 billion stock purchase, his largest ever in the open market, while Alphabet gained 4.3% to hit a $3 trillion valuation, boosting communication services. Nvidia finished flat, paring earlier losses after China’s regulator said the company had violated anti-monopoly laws, while Texas Instruments fell 2.4% on news of a Chinese anti-dumping probe into US analog chipmakers. Trade tensions also lingered as President Donald Trump signaled progress in US-China negotiations, including a potential deal related to TikTok, though risks around tariffs and tech restrictions remain.