US stock indices surged on Monday, as the market braced for Big Tech earnings and a Federal Reserve interest rate decision later in the week.

As of 10 a.m. Eastern Time, the S&P 500 rose 0.4%, the Dow Jones Industrial Average was up 0.3%, and the Nasdaq Composite was 0.4% higher.

At 09:37 a.m. ET, the Dow Jones Industrial Average rose 202.16 points, or 0.45%, the S&P 500 gained 27.12 points, or 0.39%, and the Nasdaq Composite gained 51.83 points, or 0.23%.

Four megacap companies – Apple, Microsoft, Meta Platforms and Tesla – will report their quarterly earnings this week.

The US Federal Reserve will begin its two-day monetary policy meeting on Tuesday. Investors widely expect the central bank to hold rates steady.

In the bond market, the yield on the 10-year Treasury fell to 4.21% from 4.24% late on Friday.

Key Stock Movers

US-listed shares of gold miners jumped following the yellow metal rising to record high. Gold Fields rallied 7%, while Harmony Gold and Newmont gained 2% each.

Intel stock slipped further 4.3%, following a sharp selloff on Friday.

CoreWeave shares climbed 16% after AI chip giant Nvidia said it would invest $2 billion in the cloud infrastructure company.

USA Rare Earth stock soared 20% after reports the Trump administration was taking a 10% stake in the miner.

Baker Hughes stock rose 3.6% after the firm reported a stronger profit than expected.

Shares of American Airlines Group rose 0.1%, while Delta Air Lines lost 0.4%.

Bullion Market

Gold prices crossed $5,100 mark on Monday, as geopolitical tensions boosted safe‑haven demand.

By 10:13 a.m. ET (1513 GMT), spot gold was up 2.3% at $5,096.60 an ounce, after hitting $5,110.50 earlier in the session. US gold futures for February delivery gained 2.3% to $5,094.30.

In the latest geopolitics, US President Donald Trump vowed on Saturday to impose a 100% tariff on Canada if it follows through on a trade deal with China.

In other precious metals, spot silver scaled a fresh high of $112.18 an ounce. Spot platinum rose by 3.7% to $2,870.65 an ounce, while spot palladium climbed by 6.2% to $2,133.75.

Crude Oil

Oil prices were steady on Monday after climbing more than 2% in the previous session on output disruptions in US crude-producing regions.

Brent crude futures fell 7 cents, or 0.1%, to $65.81 a barrel by 1251 GMT. US West Texas Intermediate crude was down 13 cents, or 0.2%, at $60.94.