Stock market news
• The S&P 500 soared to a record closing high overnight and the Dow Jones Industrial Average rose 43,000 points for the first time, helped by chipmakers after a 2.4% jump in artificial intelligence favorite Nvidia and a strong start to third-quarter earnings season.
• Nvidia shares closed at their highest ever on Monday, pushing its market value to $3.39 trillion — just below Apple's ($3.52 trillion) and above Microsoft's ($3.12 trillion).
• More banking earnings are expected on Tuesday, with Bank of America expected to report a fall in third-quarter profit,...
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