Welcome to Markets Desk, here's what's moving markets right now.
Equities closed sharply higher Monday, with the S&P five hundred gaining nearly one and a half percent, the Nasdaq one hundred surging close to three percent, and chipmakers leading the charge. Crude's plunge removed a key cost pressure, giving risk assets room to breathe across the board.
Driving a significant piece of that rally was Meta Platforms, which surged over eleven percent after its new personal AI agent, Muse, shot to the top of the App Store, surpassing ChatGPT in downloads. Wells Fargo lifted its price target to seven hundred ninety six dollars, and investors are clearly pricing in a new developer platform opportunity ahead of Meta Connect this week.
Reinforcing the broader risk-on tone, Bitcoin climbed to an eight-month high, signaling that appetite for speculative assets remains intact despite lingering regulatory uncertainty around crypto in Washington. When Bitcoin leads alongside tech, the market is telling you something deliberate about where conviction sits right now.
That's the tape. Markets Desk, signing off the floor.
