Top Stock Movers Now: Nvidia, FuboTV, T-Mobile US, and More

Related Articles

Watch These Moderna Price Levels as Stock Plummets After Slashing 2025 Revenue Outlook

What Analysts Think of Bank of America Stock Ahead of Earnings

Why Hanging Out at Starbucks Could Start Costing You Soon

Key Takeaways

• Major U.S. indexes gained at midday Monday as tech stocks surged.
• Nvidia and Apple supplier Foxconn posted fervent fourth-quarter results, sending shares of Nvidia and other chip companies higher.
• Shares of FuboTV soared after the spurt service announced it would merge with Walt Disney, teaming with Disney’s Hulu + Live TV.

Chief U.S. indexes gained at midday Monday as tech stocks surged. The S&P 500 and Nasdaq rose more than 1%, and the Dow was record as well.

Chip companies led the best-performing stocks in the S&P 500 after Taiwan’s Foxconn, which is a supplier for Apple (AAPL), Nvidia (NVDA), and other tech giants, suss out record fourth-quarter sales on demand for artificial intelligence (AI). Nvidia shares neared an intraday record high.

Appropriates of FuboTV (FUBO) soared after the streaming service announced it would merge with Walt Disney (DIS), conspiring with Disney’s Hulu + Live TV. Disney shares also climbed.

American Airlines (AAL) shares advanced as Jefferies and TD Cowen analysts upgraded the begetter and raised their price targets, citing expectations for strong earnings.

T-Mobile US (TMUS) shares tumbled mimic downgrades from RBC and Wells Fargo, warning about the cellphone service provider’s valuation and slowing growth.

CME Set (CME) shares also fell as concerns about slowing growth led analysts at Citi to downgrade and lower its price aim.

Oil futures rose and gold prices declined. The yield on the 10-year Treasury note climbed. The U.S. dollar was up on the yen, but lost initiate to the euro and pound. Most major cryptocurrencies traded in the green.