Dow Jones| Nasdaq | US Stock Market Today | Live: US stocks futures rally on bargain hunting; Nvidia concerns cloud outlook

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Business News›Markets›US Stocks›Wall St Guide›Dow Jones| Nasdaq | US Stock Market Today | Live: Dow soars 500 points, Nasdaq over 2% after last week's AI rout

Dow Jones Today | US Stock Market Live: Wall Street's main indexes opened higher on Monday, as investors attempted to shake off last week's AI anxieties while awaiting more clarity on the controversy surrounding Nvidia CEO Jensen Huang.

The Dow Jones Industrial Average rose 569.51 points, or 1.11%, to 51,855.24. The S&P 500 rose 109.17 points, or 1.48%, to 7,462.90, while the Nasdaq Composite gained 616 points, or 2.53%, to 24,931.00.

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The Dow Jones Industrial Average rose 540.52 points, or 1.05%, at the open to 51,826.25. The S&P 500 rose 59.90 points, or 0.81%, at the open to 7,436.76, while the Nasdaq Composite rose 200.72 points, or 0.82%, to 24,780.15.

Nvidia shares fell more than 4% in post-market trading on Monday, slipping to $178 apiece, after CEO Jensen Huang acknowledged having an intimate relationship with a business executive reportedly identified by US intelligence agencies as a Chinese spy. Wall Street brokerage Bernstein, however, maintained its Outperform rating on the stock with a target price of $4,000, while warning that the controversy could become a significant distraction for the chipmaker and expose it to greater regulatory scrutiny. (Read)

HealthSpan Partners, an affiliate of nonprofit hospital system Bon Secours Mercy Health, is sweetening its bid for Surgery Partners to about $6 billion after the receipt of an unsolicited competing proposal from a third party. Surgery Partners shareholders will now receive $25.00 per share in cash compared to the previous offer of $23.50 per share.

The US dollar eased on Monday after posting its biggest gain in nearly six months on Friday when robust US jobs data boosted bets for higher interest rates. The dollar also got support from a rout in AI stocks at the end of last week that drove investors to seek safe-haven assets, but market sentiment generally improved on Monday.

It was helped in part by a 3.3% drop in Brent crude futures after US President Donald Trump downplayed the likelihood of renewed strikes on Iran.

Alphabet's Google is introducing two new variations of its in-house tensor processing units, Bloomberg News reported on Monday. The search giant's shares were up more than 2% in premarket trading. Through last close, the stock has fallen 9% so far this year.

Citigroup strategists downgraded US equities to "neutral" from "overweight," saying they were looking for cleaner positioning and more stable sentiment around AI stocks after a sharp selloff on concerns about soaring AI spending and tougher regulation.


"We worry that positioning on key indices, such as the Nasdaq, could reset lower into net-short territory," Citigroup strategists led by Beata Manthey said in a note on Monday.

Earnings are due on Monday from investment giant KKR and Constellation Energy, an energy firm with exposure to the AI boom. KKR was up 3.7% ahead of the results, while Constellation was flat.

S&P 500 companies have delivered a strong earnings season, with 82.4% of the 335 firms that had reported results as of Thursday beating estimates, according to LSEG Data and Analytics.

Shares of some chipmakers fell premarket, with Intel , Marvell Technology and Qualcomm down between 0.5% and 1%. The Philadelphia Semiconductor Index ended Friday with its biggest weekly loss since March 2025.

"The AI correction in equities could have much further to run," wrote Thomas Mathews, head of markets for Asia Pacific at Capital Economics.

Shares of Nvidia, the second most valuable company in the world, fell 4.8% premarket after an internal investigation into whether CEO Huang had been targeted by a foreign intelligence effort raised questions about his future at the AI chipmaker.

US stock index futures rose sharply on Monday as investors sought bargains following last week’s steep equity sell-off, while awaiting clarity on the controversy involving Nvidia CEO Jensen Huang. Dow futures climbed 545 points, or 1.06%, while S&P 500 and Nasdaq 100 futures gained 0.66% and 0.42%, respectively.