Stock Market Today: Dow, S&P 500 and Nasdaq Close Higher After Anthropic IPO Filing

TLDR The Dow rose 0.28%, the S&P 500 gained 0.7%, and the Nasdaq jumped 0.82% on Monday. Anthropic’s IPO filing showed $16.29 billion in revenue for the six months ended June. The iShares Semiconductor ETF rose nearly 3%, led by Nvidia, Micron, Broadcom and Advanced Micro Devices. Alphabet and Microsoft report earnings Wednesday, the same day as the Fed decision. Fed funds futures show a 90% chance rates hold at 3.75% to 4%. US stocks rose on Monday as chip makers rallied. The gains followed Anthropic’s public IPO filing, which renewed interest in artificial intelligence stocks.

Source: CoinCentral