The Roundhill Magnificent Seven ETF, which holds Nvidia, Apple Inc., Microsoft Corp, Google parent Alphabet Inc., Amazon.com Inc., Tesla Inc. and Facebook parent Meta Platforms Inc, was up 2.3%, according to FactSet data, at last check. That exceeded the S&P 500’s 1.3% rise.

Rising technology stocks on Monday helped U.S. indexes recover some more of their holiday-season slide that bridged the new year. The S&P 500 added 0.6% for a second straight gain following five straight losses,

Nvidia reached a level that would be a new closing high amid further signs of strong demand for artificial-intelligence chips as CEO Jensen Huang is set to deliver a keynote speech at the CES tech show in Las Vegas on Monday.

Shares of NVIDIA Corp. NVDA rallied 3.43% to $149.43 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.55% to 5,975.38 and the Dow Jones Industrial Average DJIA falling 0.