Nasdaq, S&P 500 close higher as chipmakers lead gains

US stock indexes were mostly higher in the first session of the week, with chip stocks leading gains after Foxconn reported record fourth-quarter revenues.

At Monday's close, the Dow Jones Industrial Average ended flat at 42,706 points, after touching a session high of 43,115 points.

The S&P 500 rose 0.55%, or 32 points, to 5,975 points, while the Nasdaq Composite gained 1.25%, or 243 points, to 19,864 points.

In Europe, the Stoxx Europe 600 index advanced 0.95% to 513 points, with most major sectors trading in positive territory.

Germany’s DAX rose 1.55% to 20,216 points, France’s CAC 40 jumped 2.25% to 7,445 points, and the UK’s FTSE 100 edged up 0.30% to 8,249 points.

In Japan, the Nikkei 225 closed 1.45% lower, shedding 587 points to end at 39,307 points. The broader Topix index fell 1% to 2,756 points.

In the oil market, futures contracts for Brent crude for March 2025 delivery retreated 0.25%, or $0.21, to $76.30 per barrel, after touching the $77.50 level.

Meanwhile, prices of West Texas Intermediate (WTI) crude oil for February 2025 delivery fell 0.55%, or $0.40, to $72.56 per barrel.

As for gold, futures prices for the yellow metal for February delivery inched down 0.25%, or $7.3, to $2,647 per ounce.