The S&P 500 rose 0.70% to 7,676.77 on Monday, snapping a two-session losing streak as an IPO filing from Anthropic helped lift AI-related stocks.
December S&P 500 futures traded as high as 7,739.00 and as low as 7,651.75. The session concluded above the day’s midpoint of 7,695.38 at 7,716.75, gaining 57 handles from Friday’s close.
On Tuesday, market participants can look forward to September durable goods orders at 8:30 a.m. ET, followed by consumer confidence, new-home sales and the Richmond Fed Manufacturing Index at 10 a.m. ET.
Investors will continue positioning ahead of Wednesday’s Federal Reserve decision and earnings from Alphabet and Microsoft.
Among the top components of the index, Tesla Inc. (NASDAQ: TSLA) emerged as the biggest gainer. The AI and electric vehicle company advanced by $19.40, or 5.21%, to close at $391.62. That performance was more than seven times the cash index’s advance of 0.70%.
Conversely, the biggest loser was Meta Platforms Inc. (NASDAQ: META). For the day, the tech conglomerate declined by $12.06, or 1.88%, to close at $630.56.
