Major U.S. equities indexes were mixed at the onset of the first full week of 2025, which will include a day off from trading on Thursday in remembrance of former U.S. President Jimmy Carter, followed by the expected release of the December jobs report on Friday morning.
The S&P 500 added 0.6%, while upbeat indications of semiconductor demand helped lift the tech-heavy Nasdaq 1.2%. After trading in positive territory for most of the day, the Dow lost steam in the afternoon to end Monday’s session with a minor downtick of less than 0.1%.
Taiwan-based technology manufacturer Foxconn posted record revenue for the fourth quarter, citing strong demand for artificial intelligence (AI) servers. The report helped boost shares of companies across the semiconductor industry, including AI chip behemoth and key Foxconn customer Nvidia (NVDA), whose shares added 3.4%. Shares of memory solutions specialist Micron Technology (MU), whose tech is incorporated in Nvidia’s next-generation Blackwell AI platforms, surged 10.5%, notching Monday’s strongest …