S&P 500 Gains and Losses Today: Intel, Super Micro Computer Surge on AI Boost [Video]

Major U.S. equities indexes hit fresh highs to start a new trading week that will feature Congressional testimony from Federal Reserve Chair Jerome Powell, the release of the latest Consumer Price Index (CPI) report, and quarterly reports from banking giants to kick off earnings season.

The S&P 500 edged 0.1% higher Monday, extending a streak of all-time closing highs dating back to early last week. The Nasdaq advanced 0.2%, adding to its own string of record closes. The Dow closed the session slightly lower, down 0.1%.

Shares of Corning (GLW) soared 12%, notching Monday’s top performance among S&P 500 stocks, after the specialty glass maker boosted its guidance for the current quarter. The company attributed its improved outlook to high levels of demand for its optical connectivity products, which are used in generative artificial intelligence (AI) applications.

Super Micro Computer (SMCI) shares jumped6.2% on Monday as several stocks related to AI gained. The provider of servers and data storage hardware has …