US close: Tech stocks lift S&P 500, Nasdaq after recent slump
By Benjamin Chiou
Date: Monday 24 Nov 2025
(Sharecast News) - US stocks posted strong gains on Monday, with major indices rising for the second straight day, as a decent rebound in the AI sector helped to repair some of the damage done by the recent tech-fuelled sell-off.
Increasing hopes of a December rate cut and easing tensions between the leaders of China and the US also helped to bolster sentiment during the session.
The Dow rose just 0.4%. However, the S&P 500 and Nasdaq surged 1.6% and 2.7% respectively, lifted by semiconductor and big tech stocks, as the benchmark indices continued to recover after dropping to a two-month low last Thursday.
"The week ahead brings thin holiday-driven trading conditions thanks to Thanksgiving on Thursday. Trading volumes are likely to drop off on Wednesday, and, with many market participants likely to make a long weekend of it, should remain depressed until the following Monday," said David Morrison, senior market analyst at Trade Nation.
"A lack of liquidity could lead to increased volatility, so traders should think carefully about risk management this week."
Helping the mood on Monday were comments from the president of the Federal Reserve Bank of San Francisco, Mary Daly, who said in an interview that she would support cutting interest rates at the central bank's December meeting.
Daly, a non-voting member of the Fed, said that a further downturn in the labour market would be harder to manage than an acceleration in inflationary pressures. "On the labour market, I don't feel as confident we can get ahead of it [...] It's vulnerable enough now that the risk is it'll have a nonlinear change," she said.
Daly's comments follow similar remarks from New York Fed president John Williams on Friday, who signalled scope for "further adjustment" to rates in the near term.
Meanwhile, reports that Chinese leader Xi Jinping reached out to Donald Trump in a rare diplomatic move were making headlines. The premiers discussed - among other things - topics such as Taiwan, peace talks in Ukraine and soybean trade. "Our relationship with China is extremely strong!" Trump wrote in a social media post.
Market movers
Shares in tech giant Alphabet were in the green as investors grew more confident about the Google parent company's position in the AI space following the unveiling of its upgraded AI model, Gemini 3.
Others in the Magniificient Seven group were also performing well, including Apple, Tesla and Amazon, while chip peers Nvidia, Broadcom, AMD, Micron Technology and TSMC were continuing to bounce back after recent falls.
Teck Resources gained after BHP Group confirmed it was no longer pursuing a takeover of Anglo American, paving the way for Teck's planned $57bn merger with London-listed Anglo to continue as planned.
Omnicom finished flat despite the news that its $13.3bn takeover of rival Interpublic Group was cleared by EU regulators on Monday without conditions, with the proposed tie-up expected to pose "no competition concerns". The partnership, announced in December 2024, was thought to attract heavy scrutiny from regulators.
Dow Jones - Risers
Intel Corp. (INTC) $35.79 3.74%
Merck & Co. Inc. (MRK) $101.39 2.70%
International Business Machines Corporation (CDI) (IBM) $305.86 2.25%
Goldman Sachs Group Inc. (GS) $792.27 2.15%
Caterpillar Inc. (CAT) $564.24 1.67%
Dow Chemical Co. (DOW) $22.28 1.49%
Johnson & Johnson (JNJ) $204.80 1.05%
3M Co. (MMM) $168.74 0.87%
American Express Co. (AXP) $355.19 0.86%
Visa Inc. (V) $328.73 0.40%
Dow Jones - Fallers
Procter & Gamble Co. (PG) $147.17 -2.61%
Verizon Communications Inc. (VZ) $40.44 -2.47%
Walt Disney Co. (DIS) $102.65 -2.24%
Home Depot Inc. (HD) $338.94 -1.96%
McDonald's Corp. (MCD) $307.92 -1.44%
Nike Inc. (NKE) $62.61 -1.39%
Walmart Inc. (WMT) $105.02 -1.20%
Coca-Cola Co. (KO) $72.15 -0.49%
Boeing Co. (BA) $178.63 -0.32%
Unitedhealth Group Inc. (UNH) $321.51 -0.29%
S&P 500 - Risers
Micron Technology Inc. (MU) $223.93 7.99%
Seagate Technology Plc (STX) $253.38 6.69%
Tyson Foods Inc. (TSN) $57.60 6.52%
Alphabet Inc. Class C (GOOG) $318.47 6.28%
NRG Energy Inc. (NRG) $167.27 4.81%
Bath & Body Works, Inc. (BBWI) $15.57 4.78%
Amphenol Corp. (APH) $137.93 4.77%
Centene Corp. (CNC) $38.38 4.58%
Synopsys Inc. (SNPS) $404.63 4.19%
Incyte Corp. (INCY) $106.24 4.10%
S&P 500 - Fallers
Carnival Corp. (CCL) $26.55 -6.78%
H&R Block Inc. (HRB) $42.15 -5.65%
Target Corp. (TGT) $85.71 -3.52%
Accenture Plc (ACN) $248.70 -3.27%
Royal Caribbean Cr (RCL) $265.44 -3.23%
AbbVie Inc (ABBV) $231.38 -2.87%
General Mills Inc. (GIS) $47.01 -2.86%
Philip Morris International Inc. (PM) $151.99 -2.69%
Kroger Co. (KR) $64.49 -2.68%
Procter & Gamble Co. (PG) $147.17 -2.61%
Nasdaq 100 - Risers
Micron Technology Inc. (MU) $223.93 7.99%
Baidu Inc. (BIDU) $119.21 7.44%
Tesla Inc (TSLA) $417.78 6.82%
Seagate Technology Plc (STX) $253.38 6.69%
Alphabet Inc. Class C (GOOG) $318.47 6.28%
NetEase Inc. Ads (NTES) $139.20 4.21%
Synopsys Inc. (SNPS) $404.63 4.19%
Incyte Corp. (INCY) $106.24 4.10%
Intel Corp. (INTC) $35.79 3.74%
KLA-Tencor Corp. (KLAC) $1,136.73 3.61%
Nasdaq 100 - Fallers
Qvc Group Inc Series A (QVCGA) $8.07 -16.58%
Vodafone Group Plc ADS (VOD) $11.83 -2.31%
Cintas Corp. (CTAS) $182.16 -1.96%
Check Point Software Technologies Ltd. (CHKP) $183.55 -1.89%
Adobe Systems Inc. (ADBE) $318.73 -1.68%
Dollar Tree Inc (DLTR) $100.25 -1.54%
Intuit Inc. (INTU) $653.23 -1.50%
Verisk Analytics Inc. (VRSK) $219.84 -1.49%
Gen Digital Inc. (GEN) $26.15 -1.47%
O'Reilly Automotive Inc. (ORLY) $99.00 -1.42%
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN