Big Tech rally lifts Wall Street broadly
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Big Tech roared back Monday, lifting Wall Street as the S&P 500 rose 1.5%, the Dow 0.8% and the Nasdaq 2.3% for its best day since May. Nvidia jumped 5.8%, Taiwan Semiconductor gained 3.1% on nearly 17% October revenue growth, and Palantir surged 8.8%. Health insurers slid amid uncertainty over expiring tax credits, while the Senate moved to end the shutdown and President Donald Trump weighed in on insurance subsidies. Berkshire edged lower after Warren Buffett’s caution; Tyson beat estimates. Overseas markets rallied, and the 10 year Treasury yield held at 4.11%.
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