Overview
- The Dow, S&P 500 and Nasdaq closed at fresh highs for a third session, with the Nasdaq up 0.8%, the Dow up 0.34% and the S&P 500 up 0.23%.
- Nvidia jumped about 5% after agreeing to invest $1 billion for a 2.9% stake in Nokia and as it prepares to build seven supercomputers for the U.S. Department of Energy, with CEO Jensen Huang set to meet President Donald Trump on Wednesday.
- Microsoft finished back above $4 trillion in market value after OpenAI completed a restructuring that gives Microsoft roughly a 27% stake, while Apple briefly surpassed $4 trillion on strong iPhone 17 demand before easing by the close.
- Futures pricing via CME FedWatch implies near‑certain odds of a 25‑basis‑point Fed rate cut on Wednesday, with policymakers navigating delayed data from the U.S. government shutdown and signs of softer labor conditions.
- Mexico’s S&P/BMV IPC advanced on earnings-driven gains in Televisa, Cemex and Carso, as investors also looked to a Trump–Xi meeting later this week for potential signals on trade and tariffs.