US Stocks Surge, Chipmakers Rally Despite China’s Woes: What’s Driving Markets Monday?

U.S. stocks kicked off the week positively as the S&P 500 Index aims to break a four-day losing streak. Despite the negative sentiment from China due to liquidity issues involving Zhongzhi Enterprise Group Co., a Chinese private wealth management firm, investors responded favorably by purchasing sectors that had experienced declines in recent weeks, particularly in thetech and semiconductor industries. Shares of NVIDIA Corp. (NASDAQ:NVDA) surged by over 5% on Monday, putting them on track for their strongest session since the end of May 2023. Rival Advanced Micro Devices Inc. (NASDAQ:AMD) rose…

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