On Monday, March 18th, U.S. markets ended the day in green, driven by major growth stocks like Alphabet and Tesla, aiding the Nasdaq’s tech rebound, as investors awaited the Federal Reserve’s meeting this week.
The day’s highlight was the market-boosting news of an anticipated AI agreement between Alphabet Inc. (NASDAQ:GOOGL) and Apple Inc. (NASDAQ:AAPL) to integrate Google’s Gemini AI engine into the iPhone.
In economic data, the NAHB/Wells Fargo Housing market Index climbed to 51 in March, reaching its peak in eight months, up from 48 in February and surpassing the market predictions of 48.
The communication services sector led S&P 500 gains, while most sectors advanced, especially consumer staples and ...