# US Stocks Rally as Nvidia Leads Market Surge, Cryptocurrencies Gain Momentum

U.S. stocks saw a significant rise on Monday, driven by substantial gains in tech stocks and cryptocurrencies. The surge drove the S&P 500 and Nasdaq Composite to new record highs, supported by robust performances across various sectors.

The S&P 500 increased by almost 0.8%, closing at a new record, surpassing the 5,800 mark for the first time. Meanwhile, the tech-heavy Nasdaq Composite saw a rise of nearly 0.9%. The Dow Jones Industrial Average also joined the upward trend, climbing over 200 points, or nearly 0.5%, to close above 43,000 for the first time.

Technology stocks led the day's rally, with Nvidia standing out by rising almost 3% to close at an all-time high of over $138 per share. The surge in Nvidia shares was a pivotal driver for the market, fueled by recent corporate developments and positive investor sentiment. Other semiconductor stocks like ASML, Arm Holdings, and Applied Materials also saw notable gains.

The rally extended beyond just tech stocks, as cryptocurrencies experienced a notable uptick. Bitcoin rose over 5% in the past 24 hours, reaching above $65,700 per coin, while Ethereum added nearly 8% on the same day.

Investors are particularly focused on the earnings reports due this week from several major financial institutions. The beginning of this week saw records set by the Dow and S&P 500, bolstered by positive earnings results from JPMorgan Chase and Wells Fargo. Upcoming reports from Goldman Sachs, Citi, and Bank of America are highly anticipated.

Adding another layer of complexity, the Federal Reserve's future rate cut decisions remain uncertain. Recent data indicating a strong job market and higher-than-expected inflation could affect upcoming policy decisions. The Fed's cautious approach is reflected in statements from officials like Christopher Waller, who highlighted the need for caution in future rate cuts.

Additionally, there's increased optimism around China's economic growth. Goldman Sachs upgraded its growth forecast for China, attributing the boost to recent government stimulus measures. This optimism helped propel Chinese stock indices higher, with the Shanghai Composite and CSI 300 both posting gains.

Overall, the notable rise in stock markets and cryptocurrencies signals a robust start to the week, driven by strong performances in the tech sector and positive earnings expectations. Investors continue to monitor economic data and Federal Reserve decisions closely, as these factors will influence market trajectories in the coming months.