US Stock Market Move | The three major indexes all turned upwards, with most of the technology stocks rising. American semiconductor company AMD rose more than 5%.

On Monday, the US stock market opened lower and then rose, with all three major indexes turning higher. The Nasdaq rose by 0.75%, with most tech stocks rising. AMD.US surged over 5%, INTC.US rose over 4%, ORCL.US and AMZN.US both rose over 2%, and GOOGL.US rose by 1.6% to a new high, reaching a total market value of $4.1 trillion. In terms of news, US manufacturing activity unexpectedly expanded in January, achieving the fastest growth since 2022, mainly driven by strong growth in new orders and production. According to data released on Monday, the Institute for Supply Management (ISM) manufacturing index rose from 47.9 to 52.6. After nearly a year of contraction, the index stabilizing above the boom-bust threshold helps further prove that after three years of sluggishness, the manufacturing sector is heading towards improvement. Additionally, Morgan Stanley's chief economist Seth Carpenter recently stated that despite Powell's term as chairman coming to an end and Brainard being nominated as his successor, the Fed's policy reaction function will not undergo substantive changes. Although Brainard has publicly stated that the Fed's balance sheet should shrink, any changes will require support and consensus within the FOMC, delaying any decisions until next year. Morgan Stanley maintains its baseline expectation of two rate cuts in the second half of this year, provided that tariff-driven inflation subsides and a clear downward trend in inflation reemerges.