U.S. stocks continue to rise as investors assess economic data and the impact of Trump's policies
U.S. stocks rose for a second straight session on Monday, as investors sought to buy low after four straight weeks of declines in the Nasdaq and S&P 500 and assessed the latest economic data to gauge the impact of the Trump administration's policies. Among the S&P's 11 major sectors, real estate and energy led gains, while non-essential consumer goods were the only decliners. Tesla (TSLA.O) fell 4.79 per cent after Mizuho cut its price target on the stock, which is down 41 per cent this year, to $430 from $515. Quantum-computing stocks surged as artificial-intelligence chipmaker NVIDIA (NVDA.O) held its annual conference. Intel (INTC.O) jumped 6.82 per cent after Reuters reported new Chief Executive Officer Lip-Bu Tan is considering major changes to its chip-making approach and artificial intelligence strategy.
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