US stocks rose toward fresh record highs on Monday as Nvidia (NVDA) led a risk-on rally in the market that permeated through most sectors and even into cryptocurrencies.
The S&P 500 (^GSPC) moved up 0.7% to head for a fresh record after ending above 5,800 for the first time on Friday. The tech-heavy Nasdaq Composite (^IXIC) jumped nearly 0.9%. The Dow Jones Industrial Average (^DJI) rose more than 150 points, or 0.4%.
In crypto, Bitcoin (BTC-USD) was up more than 5% in the past 24 hours to touch above $65,700 per coin. Meanwhile, Ethereum (ETH-USD) has also rallied, adding nearly 8% on the day.
Tech stocks led the gains, with chip giant Nvidia rising toward new highs, up more than 3% during the session. Other semiconductor stocks also surged including chip equipment maker ASML (ASML), Arm Holdings (ARM) and Applied Materials (AMAT).
Earnings are taking center stage as the first full week of third quarter results gets underway. How the
