The stock market gained on Monday, led by strong performance in technology and semiconductor stocks. Sentiment was also supported by declining Treasury yields and lower oil prices.
Brent crude fell about 3.4% to $100.34 per barrel, after nearing $110 the previous week. Meanwhile, the yield on the U.S. 10-year Treasury note declined to around 4.95%, following a rise above 5% last week.
Meta Platforms (META) jumped 11% after Wells Fargo raised its price target, citing early traction for Meta’s Muse AI assistant. The enthusiasm spilled into CPU/AI infrastructure stocks: Arm (ARM) rose 17.2%, while Advanced Micro Devices (AMD) gained about 10%.
Overall, S&P 500 rose 1.5% to 7,765, while Nasdaq increased 2.3% to 27,122.
Chart of the Day
Here is the one-year chart of Grainger (GWW) as of September 9, 2026, when the stock was at $1279.
Supply store Grainger (GWW) stock surged to a new All-Time High last quarter, as the company continued to outperform analyst expectations. Profits increased 20% year-over-year versus estimates of 12%, while revenue grew 10% and beat estimates of 8%.
Despite macroeconomic, tariff and demand-related uncertainties, Grainger continued to see resilient customer spending across both its Endless Assortment and High-Touch Solutions businesses. Endless Assortment sales grew 14% last quarter, driven by continued strength at Zoro (+18%) and MonotaRO (+24%). High-Touch Solutions sales increased 12%, supported by solid volume growth and improved pricing as tariff costs were passed through to customers.
Grainger is a good barometer for the health of the US economy. With the company delivering double-digit profit growth and revenue growth, that signals economy is good.
GWW is on the radar of the Conservative Growth Portfolio.
