Rising technology stocks helped U.S. indexes recover more of their holiday-season slide that bridged the new year.

Stocks are running in premarket trading on Monday. Here's a look at major indexes as of 8:50 a.m. ET: Nasdaq Futures: Up 205.25 (+.95%) S&P 500 Futures: Up 45.25 (+.76%) Dow Jones Futures: Up 184 (+.43%) The big story in premarket trading is that NVIDIA (Nasdaq: NVDA) and chip stocks are up big.

The S&P 500 moved into positive territory for the month after snapping its longest losing streak since April last week.

Nvidia stock closed at a new record Monday as global chip stocks picked up momentum and investors prepared to hear from Nvidia CEO Jensen Huang. The chip giant's stock added 3.4% to $149.43, its first record close since November.

Chip stocks including Nvidia, Micron, and ASML surged on Monday after Foxconn reported record fourth quarter revenue, pointing to strong AI demand.

Nvidia broke out past a buy point as CES 2025 got underway on Monday. Does that mean Nvidia stock  is a buy now? On Monday, Chief Executive Officer Jensen Huang will deliver the keynote address at CES 2025 at 6:30 p.

Nvidia Chief Executive Jensen Huang is set to deliver the opening keynote speech at CES later on Monday and will likely unveil new videogame chips and detail efforts to parlay the company's success in artificial intelligence into other markets outside of the data center.