Stock Market Soars on Monday, Bitcoin Surpasses $87,000

The stock market experienced a significant boost on Monday, with the Dow Jones Industrial Average rising by 366.18 points to 52,048.82, representing a gain of 0.71%. The S&P 500 also saw an increase, up 1.49% to 7,764.70, while the Nasdaq Composite advanced 2.26% to 27,122.09.

Metal Platforms (META.US) recorded its largest single-day gain since last April, rising by 11%. Intel (INTC.US) jumped 12%, and Strategy (MSTR.US) gained over 9%. Qualcomm (QCOM.US) climbed 9%, and AMD (AMD.US) advanced nearly 10%.

The Philadelphia Semiconductor Index surged 4.29%, its best single-day performance since August 4. Meanwhile, the US Dollar Index rose 0.21% to 100.430 in late trading.

Bitcoin's price briefly broke through $87,000, trading at $86,646.3 as of press time. Ethereum also saw a significant increase, rising more than 4.8% to $2,767.