BOEING DRAGS DOW TO TWO-WEEK LOW, MEGACAPS BOOST NASDAQ

Tech-laden Nasdaq jumped more than 1% to a near one-week high on Monday, boosted by a rebound in megacaps and chip stocks, while blue-chip index Dow slipped to a fresh two-week low as Boeing shares tanked following the grounding of some its jets. Megacaps like Amazon.com (AMZN.O) and Alphabet (GOOGL.O) gained over 1%, while Apple (AAPL.O)climbed 1.4% after saying its Vision Pro mixed-reality device will be available for sale from Feb. 2 in the United States. Chipmakers Nvidia (NVDA.O) and Advanced Micro Devices (AMD.O) jumped more than 4% each. The Philadelphia SE Semiconductor Index (.SOX) rebounded with a 2.6% advance from its worst week since Oct. 2022.

Learn More