US Equity Markets Rise on Tech Strength; Gold Tops $5,000

MT Newswires Live05:14

US equity indexes ended higher Monday as technology stocks advanced, while gold topped $5,000 an ounce as the dollar declined.

* The Dallas Federal Reserve manufacturing index rose to minus 1.2 in January from a revised minus 11.3 in December, beating expectations for minus 8.6.

* The ICE US Dollar Index dropped 0.6% to 97.02, the lowest since mid-September.

* March West Texas Intermediate crude oil fell $0.29 to settle at $60.78 per barrel, while March Brent crude, the global benchmark, was last seen down $0.14 to $65.74.

* CoreWeave (CRWV) shares rose 5.7% after Nvidia (NVDA) invested an additional $2 billion in the cloud-computing company's Class A common stock at $87.20 a share. Nvidia fell 0.6%.

* Trade Desk (TTD) shares fell 7.5%, the biggest drop on the S&P 500. The company reaffirmed Q4 revenue guidance of at least $840 million on Monday, compared with $841.1 million consensus estimate from analysts polled by FactSet. Chief Accounting Officer Tahnil Davis was named interim chief financial officer.

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