Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. REUTERS/Brendan McDermid/File Photo
- Tesla falls on price cut for some models in China
- AMC common shares fall on approval of revised settlement
- Indexes up: Dow 0.05%, S&P 0.40%, Nasdaq 0.69%
Aug 14 (Reuters) – The S&P 500 and the Nasdaq rose on Monday as chipmaker Nvidia spearheaded gains among megacap growth stocks while investors also awaited earning reports from U.S. retail giants and economic data later in the week.
Shares of Nvidia (NVDA.O) rose 5.4%, pushing the information technology index (.SPLRCT) up 1.4% at the top of the S&P 500 sectoral gainers.
Other megacap growth stocks including Alphabet (GOOGL.O) and Amazon.com (AMZN.O) also rose over 1%, while chipmaker Micron Technology (MU.O) gained 4.9%.
“It’s the first day in a while that tech has really significantly outperformed. I…
