S&P and Nasdaq End Two-Week Losing Streak
US stocks closed higher on Monday (26th), with the S&P 500 and Nasdaq ending two consecutive weeks of declines. AI startup Anthropic filed for an initial public offering, and despite still facing large losses, its strong revenue growth helped revive market sentiment toward AI-related stocks. The Dow Jones Industrial Average rose 146.42 points or 0.28% to close at 52,361.58; the S&P 500 rose 53.09 points or 0.70% to close at 7,676.77; the Nasdaq rose 214.04 points or 0.82% to close at 26,169.38; the Philadelphia Semiconductor Index rose 304.01 points or 2.82% to close at 11,083.47.
Magnificent Seven Mixed, Tesla Up Over 5%
The Magnificent Seven were mixed, with Nvidia closing at $216, up 2.39%, Microsoft at $532.6, up 1.54%, Amazon at $249.09, up 0.44%, and Tesla at $391.62, up 5.21%, the strongest performer. On the other hand, Meta closed at $630.56, down 1.88%, Apple at $343.91, down 1.10%, and Alphabet at $314.19, down 0.97%, all pulling back. Boosted by news of Anthropic's IPO filing, overall sentiment toward AI-related stocks warmed, with semiconductors and technology stocks leading market support.
Taiwan ADRs Mostly Higher, Memory Stocks Strengthen
Taiwan ADRs mostly rose, with TSMC ADR closing at $424.37, up 1.4%, Hon Hai ADR at $15, up 0.81%, ASE ADR at $39.91, up 3.15%, UMC ADR at $19.18, up 1.54%, while only Chunghwa Telecom ADR closed at $48.14, down 0.76%. Memory stocks also moved higher, with SK Hynix ADR at $142.62, up 4.09%, SanDisk at $1,255.58, up 1.42%, Micron at $903.7, up 2.98%, Western Digital at $356.13, up 3.63%, and Seagate at $644.21, up 2.18%.
Focus This Week on Fed Decision and Earnings Data
This week the market faces several key events, including the Federal Reserve interest rate decision, economic growth and inflation data, and a series of corporate earnings reports. Investors are closely watching policy moves and corporate profit performance to assess the sustainability of AI demand and market funding momentum. Investors are reminded that this material is for reference only, and they should make independent judgments, evaluate carefully, and bear their own investment risks.