Stock Market Today: Dow, S&P 500 and Nasdaq Close Higher After Anthropic IPO Filing

TLDR The Dow rose 0.28%, the S&P 500 gained 0.7%, and the Nasdaq jumped 0.82% on Monday. Anthropic’s IPO filing showed $16.29 billion in revenue for the six months ended June. The iShares Semiconductor ETF rose nearly 3%, led by Nvidia, Micron, Broadcom and Advanced Micro Devices. Alphabet and Microsoft report earnings Wednesday, the same day as the Fed decision. Fed funds futures show a 90% chance rates hold at 3.75% to 4%. US stocks rose on Monday as chip makers rallied. The gains followed Anthropic’s public IPO filing, which renewed interest in artificial intelligence stocks. The Dow Jones Industrial Average added 146.42 points, or 0.28%, to close at 52,361.58. The S&P 500 gained 0.7% to 7,676.77. The Nasdaq Composite rose 0.82% to finish at 26,169.38.

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