In a lively session on Monday, U.S. stock markets closed higher, with significant rebounds among major indices. The Dow, S&P 500, and Nasdaq all recorded gains, buoyed largely by a resurgence in Nvidia shares. The Russell 2000 also joined the positive trend, aiming for its fifth consecutive monthly gain, marking the longest streak since 2021.
Among notable performances, Robinhood stood out by topping the S&P 500, as it is poised to end its sixth successive month in the green. With a market cap now reaching $121 billion, Robinhood surpassed KKR in valuation. Conversely, Williams-Sonoma faced challenges, dropping to the bottom of the S&P 500 after former President Donald Trump hinted at potential tariffs on furniture last Friday.
In a separate update, Tesla appears to be on course for its best month since November 2024, coinciding with Trump’s election victory. The electric vehicle manufacturer is also eyeing a fifth straight weekly gain, a streak not witnessed since December 2023. The recent optimism was fueled by Deutsche Bank’s decision to raise its price target for Tesla, attributing potential stock growth to advancements in artificial intelligence.
The energy sector, which performed strongly last week, turned into the biggest laggard on Monday. It is now likely to end a four-month winning streak, matching the pattern of a previous year’s performance. This downturn is influenced by a dip in oil prices following OPEC+’s announcement of a possible output increase in November.
As attention shifts to upcoming earnings reports, Nike’s quarterly results are anticipated Tuesday after the market closes. Investors are keen to assess the company’s sales strategies amid fewer promotions and ongoing inventory reductions, as well as evaluate the progress of its turnaround efforts. Notably, Nike has faced a challenging period, with shares down more than 10% in September and a total decline of 15% since CEO Elliott Hill took over last October, threatening a four-year downtrend.
Additionally, “Squawk Box” will feature interviews with AT&T CEO John Stankey and Ford CEO Jim Farley on Tuesday morning. AT&T has seen its shares rise over 20% in 2025, yet it continues to struggle with negative performance over the past two years. Meanwhile, Ford is on track for its fifth consecutive positive month, with a year-to-date gain of 22%, although it mirrors AT&T’s historical struggles.
In cryptocurrency news, Bitcoin experienced a rebound, climbing above $114,000 following its best performance in over a month. Ether also had a strong day, although it is facing the prospect of its worst month since March. Overall, market watchers remain attentive to these developments as they prepare for what Tuesday’s trading session may bring.
