Major U.S. indices closed mixed on Monday (Tuesday AEDT), with the S&P 500 and Nasdaq Composite closing higher following a rally in chip stocks.
The S&P 500 gained 0.6%, while the Nasdaq Composite advanced 1.2%. In contrast, the Dow Jones Industrial Average eased 0.1%.
Chipmakers led the market higher following Foxconn's announcement of record fourth-quarter revenue. Nvidia climbed 3.4%, reaching a record close with its third consecutive day of gains. Broadcom added 1.7%, and Micron Technology surged 10.5%.
The December jobs report, due on Friday, will provide crucial insights ahead of the Fed’s meeting at the end of the month. Additional reports, including the Job Openings and Labor Turnover Survey (JOLTS) and the December ADP Employment Survey will also be closely monitored.
The New York Stock Exchange will close on Thursday to honour the late former President Jimmy Carter.
On the bond markets, 10-year and 2-year yields were steady at 4.608% and 4.262%, respectively.