Stock market today: Nasdaq surges 2% to record high, Dow and S&P 500 gain as chip stocks rally, oil falls
On Monday, stocks climbed as oil prices dropped, bitcoin (BTC-USD) rose above $86,000, and technology shares jumped ahead of a dinner between AI leaders and Chinese President Xi Jinping later in the week.
The tech‑focused Nasdaq Composite (^IXIC) posted the biggest rise, up 2.3% to set a fresh record high. The S&P 500 (^GSPC) added 1.5%, while the Dow Jones Industrial Average (^DJI) increased 0.7% despite recording its third consecutive weekly decline.
Shares of Meta (META) surged 11%, AMD (AMD) rose 10%, and Intel (INTC) climbed 12% as AI optimism re‑entered the market.
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Risk‑on sentiment prevailed as oil fell under $100 a barrel, spurred by hopes of renewed US‑Iran diplomatic talks. Bitcoin also reached an eight‑month peak, boosting crypto‑related equities such as Strategy (MSTR) and Coinbase (COIN).
Despite a historically weak month, stocks have pushed through a barrage of concerns, staying sturdy amid higher bond yields, Middle East geopolitical tension, increasing expectations of Fed rate hikes, and AI‑related anxiety.
Given a lighter economic and earnings schedule this week, markets will be eyeing the summit slated for Thursday between President Trump and Chinese President Xi Jinping.
The high‑stakes meeting is likely to address prolonging the tariff truce and AI collaboration. Prominent AI figures—Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, former Apple CEO Tim Cook, Qualcomm CEO Cristiano Amon, and Microsoft CEO Satya Nadella—are set to join a dinner with the Chinese president. Wall Street leaders, including Citigroup CEO Jane Fraser and JPMorgan Chase CEO, will also attend, Yahoo Finance reported.
The summit arrives at a pivotal moment for these firms, following an essay by Anthropic (ANTH.PVT) CEO Dario Amodei that reignited a prolonged debate on whether frontier AI labs should moderate model development.
World installed record level of renewable energy capacity in 2025, new report finds. It must double that to reach 2030 target.
The world added a record 693 gigawatts of renewable power capacity in 2025, a 15.5% year‑over‑year increase. Asia leads renewable installations, accounting for 56.1% of global capacity and the fastest growth rate. Europe holds an 18.1% share, while North America makes up 11.8%.
According to the IRENA report, capital costs are the primary factor differentiating regional installed capacity. Although solar and onshore wind expenses have declined, higher financing costs stemming from local debt markets, currency swings, policy risk, and other factors can negate those savings.
Importantly, worldwide investment in renewable installations dropped for a second year in a row to $625 billion. IRENA notes that nations must collectively pour up to $1 trillion annually from 2026 to 2030 to achieve the global targets.
