Nvidia, FuboTV, T-Mobile US, and More | Global News Avenue

Major U.S. stock indexes rose midday on Monday as technology stocks soared. The S&P 500 and Nasdaq rose more than 1%, while the Dow was also higher.

Chip companies were the best performers in the S&P 500, trailing only Taiwan’s Foxconn (Apple supplier) (AAPL), NVIDIA (NVDA) and other tech giants reported Fourth-quarter sales hit record high on demand Artificial Intelligence (AI). Nvidia shares are near an all-time intraday high.

FuboTV stock (fubo) after the streaming service announced that it will Merge with Walt Disney (DIS), in partnership with Disney’s Hulu + Live TV. Disney shares also rose.

American Airlines (Asian Airlines AssociationShares rose after analysts at Jefferies and TD Cowen upgraded the stock and raised its target price, citing strong earnings expectations.

T-Mobile USA (TMUSRBC and Wells Fargo downgraded the cell phone service provider, warning of its valuation and slowing growth, sending the company’s shares tumbling.

CME Group (continuing medical educationThe company’s shares also fell as concerns about slowing growth led Citi analysts to downgrade their ratings and lower their price targets.

Oil futures rose, gold prices fell. The yield on the 10-year Treasury note climbed. The dollar rose against the yen but fell against the euro and pound. Most major cryptocurrencies trade in green.