US Stocks Open Slightly Higher, Rare Earth Sector Surges 24%

US Markets Edge Higher in Early Trading

At the start of Monday's trading session, US stock indexes showed modest gains. The Dow Jones Industrial Average rose 0.19%, the S&P 500 advanced 0.17%, and the Nasdaq Composite climbed 0.28%.

CoreWeave Rises on Tech Investment

A major development in the tech space saw NVIDIA investing $2 billion in a strategic move to acquire Class A common shares of CoreWeave. The investment sent CoreWeave’s share price up by 9% on the day.

Rare Earth Company Surges on Government Funding

In another major development, a US-based rare earth materials company received a significant boost with $1.6 billion in funding from the federal government. The support aims to accelerate domestic production of critical rare earth elements, contributing to the stock’s impressive 24% gain.

• Dow Jones +0.19%
• S&P 500 +0.17%
• Nasdaq Composite +0.28%
• CoreWeave +9%
• Rare Earth Company +24%