Stocks Rise in Early Trading; Nvidia Hits Record High After CEO’s Keynote Speech

Stocks rose early Tuesday as the S&P 500 and Nasdaq Composite look to extend their winning streaks to three straight sessions. 

The Dow Jones Industrial Average and S&P 500 were up 0.4% in the opening minutes of the session, while the Nasdaq Composite added 0.3%. The S&P 500 and Nasdaq posted solid gains to start the week, powered by a rally in chip stocks.

AI chipmaker Nvidia (NVDA) was up about 2% at a new record high this morning after CEO Jensen Huang provided several noteworthy technology updates during his keynote address at the CES 2025 conference in Las Vegas last night.

Shares of memory chip maker Micron (MU), which led the rally yesterday with a 10% gain, were up another 4% today after Huang cited the company in his presentation when discussing Nvidia’s new gaming chips.

Other large-cap tech stocks were mixed. Microsoft (MSFT) and Alphabet (GOOGL) were gaining ground, while Apple (AAPL), Amazon (AMZN), Meta Platforms (META) and Tesla (TSLA) retreated.

In other markets, bitcoin was trading at $100,600, down from an overnight high of $102,700. The digital currency moved above the $100,000 level yesterday for the first time in nearly three weeks.

The yield on 10-year Treasurys, which is sensitive to expectations about where interest rates are headed, was at 4.64%, up from 4.62% at Monday’s close and trading at its highest levels since May. Investors are awaiting the release on Friday of the December jobs report for information that could affect the Federal Reserve’s decision on interest rates later this month.

Gold futures were up 1% at around $2,675 an ounce, while WTI crude oil futures rose 0.8%.