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January 24, 2023 13 min

The Nasdaq Composite surged 2.01% to finish at 11,364.41, while the Dow Jones Industrial Average rose 254.07 points, or 0.76%, to end at 33,629.56. The S&P 500 added 1.19% to settle at 4,019.81.

Tesla and Apple gained on hopes that a reopening in China would boost their businesses. Both big tech names recently grappled with temporary shutdowns and blows to production as the country dealt with surging Covid-19 cases.

Semiconductor stocks rose Monday, with the  Semi Conductor ETF surging 4.7% for its best day since November.

Tune in to Henry Jennings’ Pre-Market Podcast to get in the know for the day ahead. 

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