Nvidia, FuboTV, T-Mobile US, and more

Major US indexes rose on Monday afternoon as tech stocks rose.
Nvidia and Apple supplier Foxconn posted strong fourth-quarter results, sending shares of Nvidia and other chip companies higher.
Shares of FuboTV rose after the streaming service announced it would merge with Walt Disney, along with Disney’s Hulu + Live TV.

Major US indexes rose on Monday afternoon as tech stocks rose. The S&P 500 and Nasdaq rose more than 1%, and the Dow was also higher.

Chip companies led the best-performing stocks in the S&P 500 after Taiwan’s Foxconn, which is a supplier to Apple (AAPL), Nvidia (NVDA), and other tech giants reported Record fourth quarter sales on demand Artificial Intelligence (AI). Shares of Nvidia are near an intraday record high.

Shares of FuboTV (FUBO) grew after the streaming service announced it Meet Walt Disney (DIS), is teaming up with Disney’s Hulu + Live TV. Disney shares also rose.

American Airlines (AALAnalysts at Jefferies and TD Cowen upgraded the stock and raised their price targets, citing strong earnings expectations.

T-Mobile US (TMUS) shares fell after downgrades from RBC and Wells Fargo, warning of slowing growth and valuations for the cellphone service provider.

CME Group (CME) shares also fell as concerns about slowing growth led analysts at Citi to downgrade and cut its price target.

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