STOCKS | Tech Rally Lifts Dow to Record as Oil Rises and Yen Hits 40-Year Low

Resurgent technology shares helped push the Dow to a fresh record on Monday, while oil prices advanced and the yen fell to a 40-year low against the US dollar, according to RTHK. The Dow rose 0.6% to 52,182, the S&P 500 gained 1.2% to 7,440, and the Nasdaq climbed 2.1% to 25,820. Angelo Kourkafas of Edward Jones said gains reflected a rotation back into tech, with software and semiconductors participating. AI leader Nvidia added 1.3%, while chipmakers AMD, Broadcom and Intel rose more than 2%. Art Hogan of B Riley Wealth Management said technology had been the worst-performing sector over the past two weeks, prompting bargain hunting. Oil prices rose modestly after a return of military strikes between Iran and the United States, with disruptions to shipping through the Strait of Hormuz over the weekend. Washington said it had agreed with Iran to halt attacks and continue talks. Swissquote analyst Ipek Ozkardeskaya said the impact on oil prices remained relatively contained. Investors are looking ahead to US jobs data this week, which could influence the Federal Reserve’s monetary policy outlook. The yen weakened to 161.96 per dollar, a level last seen in December 1986. Europe’s main markets ended lower.