U.S. stocks rose on Monday as Wall Street shrugged off more tariff threats from President Trump.
The Nasdaq Composite led the major indexes higher, rising 1.1% Monday. The S&P 500 and Dow Jones Industrial Average were up 0.7% and 0.3%, respectively. Stocks gave up ground last week after falling Friday when consumer sentiment data suggested tariff uncertainty has contributed to a surprising drop in confidence about the economy in recent weeks.
President Trump over the weekend said he planned to impose reciprocal tariffs on any country that taxes U.S. imports, as well as a 25% tariff on all steel and aluminum imports. Shares of steelmakers U.S. Steel (X), Cleveland-Cliffs (CLF), and Alcoa (AA) rose on Monday.
Shares of fast food giant McDonald’s (MCD) rose 5% Monday after the company reported global same-store sales increased last quarter, overshadowing lower-than-expected earnings.
Nvidia (NVDA) stock was up 3% in recent trading, leading a rally of AI infrastructure and power stocks. Most big tech stocks were also higher, including Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG), Amazon (AMZN), Meta (META), and Broadcom (AVGO). Tesla (TSLA) stock was lower.
Among other stocks moving are enterprise software maker Monday.com (MNDY), which jumped 30% on better-than-expected earnings, and Rockwell Automation (ROK), up more than 14% on strong earnings. ON Semiconductor (ON) slumped 6% after the chipmaker missed quarterly earnings estimates and issued soft guidance for the current quarter.
Treasury yields were little changed to start a big week for Fed watchers, with the 10-year Treasury yield holding steady at 4.5%. January consumer inflation data is set to be released on Wednesday, followed by wholesale inflation data on Thursday. Then, on Friday, retail sales data will give Wall Street a taste of consumer health.
Bitcoin traded at $97,500 after slipping as low as $95,000 over the weekend. Gold futures climbed to a record high of more than $2,935 an ounce as Trump’s tariff comments sent some investors seeking a safe haven. West Texas Intermediate crude oil futures rose about 2% to trade around $72.50 a barrel.
Onsemi Stock Sinks on Worse-Than-Expected Results, Outlook
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Shares of ON Semiconductor (ON), also known as Onsemi, sank more than 6% Monday after the maker of power chips missed profit, sales, and guidance estimates as it said it faced difficult macroeconomic conditions.
The company posted fourth-quarter adjusted earnings per share (EPS) of $0.95, with revenue slumping nearly 15% year-over-year to $1.72 billion. Both were short of Visible Alpha forecasts.
Sales at the Power Solutions Group fell 16% to $809.4 million. They were down 18% to $610.6 million at the Analog and Mixed-Signal Group, and they declined less than 2% to $302.5 million at the Intelligent Sensing Group.
CEO Hassane El-Khoury said Onsemi continues “to navigate this market downturn,” and that “while 2025 remains uncertain,” the company is committed to its long-term strategy.
Onsemi predicted current-quarter adjusted EPS of $0.45 to $0.55, and revenue of $1.35 billion to $1.45 billion. Analysts surveyed by Visible Alpha were looking for $0.88 and $1.68 billion, respectively.
ON Semiconductor shares slid roughly 6.5% Monday morning to their lowest level since June 2022.
Meta Stock at Risk of Snapping Record Winning Streak
1 hour ago
Meta (META) stock’s record run was in danger of ending Monday afternoon, with shares recently about flat despite a broader tech rally.
Meta shares have risen for 15 consecutive full sessions, the longest streak of any of the Magnificent Seven stocks. Put another way, Meta stock hasn’t had a down day since Joe Biden was president.
Meta stock has proven resilient to a slew of developments that have shaken other tech stocks in recent weeks. Shares rose nearly 2% the day Chinese start-up DeepSeek sparked a major AI stock sell-off; AI chipmaker Nvidia (NVDA) lost more than $600 billion of market value that day.
Meta employees on Monday were preparing for the beginning of a round of performance-based layoffs that CEO Mark Zuckerberg announced last month. Executives have said they’re aiming to let go of about 5% of the company’s more than 74,000 employees.
Meta dodged the DeepSeek rout in part because the social media company, which generates nearly all of its revenue from advertising, is seen by investors as more of a consumer of AI than a provider of it. It may also have helped that the DeepSeek model that shocked Wall Street was, like Meta’s Llama, open-source.
Shares rose 1% the day after Meta topped fourth-quarter earnings estimates, making it the only Magnificent Seven company to see its shares rise after reporting results. (Nvidia is the only Mag Seven company left to report.)
Even the company’s plan to increase its AI spending by about 50% this year—the kind of aggressive spending that has spooked investors in tech giants like Microsoft (MSFT) and Alphabet (GOOG)—hasn’t dented Wall Street’s enthusiasm for the stock.
Monday.com Stock Soars as AI Powers Q4 Results
1 hr 48 min ago
Shares of Monday.com (MNDY) soared more than 30% Monday as the provider of business management solutions posted better-than-expected results and gave solid guidance as the firm’s artificial intelligence (AI) solutions helped boost demand.
Monday.com reported fourth-quarter adjusted earnings per share (EPS) of $1.08, nearly 40% more than the estimate by analysts surveyed by Visible Alpha. Revenue jumped 32% year-over-year to $268.0 million, also above forecasts.
Co-founders and co-CEOs Roy Mann and Eran Zinman explained that Monday.com’s success in 2024 reflected “our rapid product innovation and focus on go-to-market execution, driving strong demand across customers of all sizes.” They added that in 2025 they plan to “double-down on our AI efforts.”
The company sees full-year revenue in the range of $1.208 billion to $1.221 billion, while the Visible Alpha outlook was for $1.207 billion.
Monday.com also announced the launch of a new AI product called AI Vision, which it said would give customers “a competitive advantage to scale and shift business dynamics without increasing resources and enable enterprise and Fortune 500 companies to accelerate processes often slowed by scale.” In addition, it noted that its AI Enterprise Service Management Platform was out of beta testing, and now fully released.
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Monday.com shares are trading at their highest level in more than three years.
Nvidia Leads Chip Stocks Higher
2 hr 41 min ago
Nvidia (NVDA) shares gained Monday, leading other chip stocks higher in a boost to the tech sector as the major U.S. indexes looked to rebound from Friday’s losses.
Shares of Nvidia were up close to 3% at $133.56 in intraday trading, making it one of the best-performing stocks on the Dow Jones Industrial Average. Shares of several Nvidia partners like Micron Technology (MU), Dell (DELL), and Supermicro (SMCI) also climbed, along with other chip stocks including Broadcom (AVGO), Advanced Micro Devices (AMD), Qualcomm (QCOM), Western Digital (WDC), and Intel (INTC).
The gains for Nvidia came after partner TSMC (TSM) reported a jump in sales, and Evercore ISI analysts on Monday added the chipmaker to their “tactical outperform” list ahead of Nvidia’s earnings report on Feb. 26, as a potential catalyst for the stock.
The analysts issued a $190 price target, more than 40% above Monday’s intraday price. The average target from analysts polled by Visible Alpha, who have remained overwhelmingly bullish on the stock despite recent pressure amid concerns about the pace of Big Tech’s AI spending, is roughly $174, suggesting about 30% upside.
Rockwell Automation Stock Pops as Profits Top Estimates
3 hr 39 min ago
Shares of Rockwell Automation (ROK) jumped Monday after the hardware and software manufacturer reported better adjusted profits than analysts had expected.
Rockwell reported $1.83 in adjusted earnings per share for the first quarter of fiscal 2025, well above the $1.58 per share that analysts had expected, according to estimates compiled by Visible Alpha. The company’s sales came in at $1.88 billion, about $10 million shy of the analyst consensus.
“We continue to deliver on our cost reduction and margin expansion projects we outlined last year,” Rockwell CEO Blake Moret said, also noting that there are “some macroeconomic and policy uncertainty” that the company believes is impacting their customers’ spending plans.
Shares of Rockwell rose more than 10% Monday morning, leading the S&P 500.
Rockwell lowered its full-year sales forecast, now expecting sales to decline by up to 5.5% or grow by up to 0.5% over the full year, compared to the previous range of a 4% decline to a 2% increase.
Moret said the company expects “gradual sequential improvement” in both sales and profit margins over the course of the fiscal year as the uncertainty around things like the Trump administration’s proposed tariffs is eventually resolved.
Steel, Aluminum Company Stocks Jump as Trump Plans 25% Tariffs
4 hr 30 min ago
Shares of steel and aluminum producers, including Cleveland-Cliffs (CLF) and Nucor (NUE), advanced Monday after President Donald Trump said that he would be implementing a 25% tariff on imports of the two metals.
Trump told reporters on Air Force One as he was traveling to New Orleans for the Super Bowl on Sunday that he would be imposing the new duties today.
According to data compiled by trade data provider TradeImeX, Canada was the largest exporter of steel to the U.S. last year, followed by Brazil, Mexico, and South Korea. Canada was also the largest exporter of aluminum, accounting for nearly 40% of all of the metal coming into the U.S.
François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry, wrote in an X post that “Canadian steel and aluminum support key industries in the U.S. from defence, shipbuilding and auto. … We will continue to stand up for Canada, our workers, and our industries.”
Trump also said he would be announcing retaliatory tariffs Tuesday and Wednesday against any countries that slapped them on U.S. products.
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Shares of Cleveland-Cliffs and Nucor were up 12% and 6%, respectively, soon after markets opened, lifting the VanEck Steel ETF (SLX) 3%.
McDonald’s Stock Rises as Global Same-Store Sales Return to Growth
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McDonald’s (MCD) shares rose on Monday morning despite the fast-food giant reporting worse-than-expected fourth-quarter results as U.S. comparable sales declined.
The fast-food giant reported adjusted earnings per share (EPS) of $2.83, below the $2.87 analysts expected, per Visible Alpha. McDonald’s registered revenue of $6.39 billion, while analysts were looking for $6.46 billion.
McDonald’s said Monday that global comparable sales rose 0.4%, better than the 0.41% drop analysts had expected. Its global comparable sales had declined each of the last two quarters.
However, comparable sales dropped 1.4% in the U.S., more than analysts had expected, as McDonald’s dealt with the impact of an October E. coli outbreak that affected traffic in several states.
Executives have acknowledged over the last year that McDonald’s prices had risen too high for many consumers, as many Americans with strained budgets turned away from spending on fast food. The chain responded by launching new value-centric deals last summer, with a number of new promotions rolled out at the start of 2025 as McDonald’s looks to win back customers.
McDonald’s was the best-performing stock in the Dow on Monday morning, with its shares up nearly 5%. They entered the session up less than 2% over the last 12 months.
Stock Futures Point To Rebound From Friday Slump
6 hr 25 min ago
Futures contracts connected to the Dow Jones Industrial Average were up about 0.5% in premarket trading on Monday.
S&P 500 futures advanced 0.6%.
Nasdaq 100 futures climbed nearly 0.9%.
