US stocks close higher on strength in technology sector

The Dow Jones Industrial Average advanced 0.47%, or 227 points, to 48,362. The broader S&P 500 index rose 0.64%, or 44 points, to 6,878, while the Nasdaq Composite gained 0.52%, or 121 points, to 23,428.

Wall Street was supported by a 1.49% rise in Nvidia shares to $183.69, alongside gains in Micron Technology, which climbed 4% to $276.59, and Oracle, which rose 3.34% to $198.38.

In Europe, the STOXX Europe 600 index fell 0.13% to 586.75 points, after touching a record high during last Friday’s session at around 588 points.

The UK’s FTSE 100 declined 0.32% to 9,865 points, while France’s CAC 40 slipped 0.37% to 8,121 points. Germany’s DAX ended the session flat at 24,283 points.

In Japan, the Nikkei 225 advanced 1.80% to 50,402 points, extending gains for a second straight session, while the broader Topix index rose 0.65% to 3,405 points.

As for oil, benchmark Brent crude futures for February delivery rose 2.65%, or $1.60, to $62.07 a barrel.

US Nymex crude futures for February delivery also climbed 2.64%, or $1.49, to $58.01 a barrel.

Meanwhile, gold futures for February delivery gained 1.87%, or $82.1, to $4,469.40 an ounce, marking the contract’s 50th record close in 2025.