Investors looked past political tensions ahead of key reports
Stocks pushed higher Monday as investors balanced political uncertainty with a packed week of earnings and looming Federal Reserve interest rate decision. The Dow rose 313 points, while both the S&P 500 and Nasdaq settled higher as well, as tech stocks rallied before reports from Apple (AAPL) and Meta Platforms (META) later this week. Markets also brushed off tariff rhetoric from President Trump, while rising concerns around immigration policy and government funding kept optimism in check.
Continue reading for more on today's market, including:
- Option bulls are piling on this telehealth stock.
- Chip stock facing competitive pressure from rivals.
- Plus, MOS' rally could be short-lived; AppLovin stock upgraded; and IONQ draws attention.
5 Things to Know Today
- President Trump and Minnesota Governor Tim Walz talked over immigration enforcement after Alex Pretti's death . (Reuters)
- The U.S. dollar hit a four-month low amid policy concerns and yen intervention. (Barrons)
- Mosaic stock looks overdue for a short-term dip.
- Analyst: AppLovin stock could see upside.
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IONQ stock higher after $1.8 billion deal.
Another Record for Gold
Oil prices fell on Monday, as investors assesed the impact of Winter Storm Fern on U.S. crude output. Black gold added over 2% in the previous session as U.S.-Iran tensions heated and supply disruptions loomed. March-dated West Texas Intermediate (WTI) crude shed 44 cents, or 0.7%, to $60.63 per barrel.
Safe-haven gold surged to all-time highs once again on mounting geopolitical risks. February-dated gold futures rose 2.1% to settle around $5,087 per ounce.