Nasdaq jumps to start new week led by chip stocks, Dow briefly tops 53,000 for first time: Live updates - CNBC
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- Nasdaq jumped to start the new week, led by chip stocks, while the Dow briefly topped 53,000 for the first time ever.
- Renewed AI optimism drove gains across the S&P 500 and Nasdaq, with chip stocks bouncing back to fuel the broader rally.
- Oil prices dipped as stocks gained, with Iran-related developments in the background shaping risk sentiment at the open.
Why it matters: The Dow's first-ever print above 53,000 alongside a chip-led Nasdaq surge signals that AI-driven risk appetite remains firmly intact, and a single sector's momentum is again dictating the tape for the other two major indices.
