US Stocks Surge, Tech & Miners Lead; Recession Risks Loom

US stocks surged on Monday, with tech giants like Tesla and Nvidia leading the charge, and precious metals miners shining due to record high gold and silver prices. The S&P 500 has a strong track record of rising in the last two weeks of December. Meanwhile, a Fed governor hinted at potential recession risks, but markets now see only a twenty percent chance of a rate cut. Overseas, results were mixed, with Chinas Shanghai up and Japans Nikkei surging. Chip stocks continued to rally, with Micron and Marvel leading the way. Standouts included Rocket Lab and Warner Bros Discovery, while Honeywell dipped. Bond yields edged higher amid heavy supply and a weak auction. As we approach the holidays, all eyes are on rates and year-end trends.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.