Stocks rise, gold hits new high as dollar's value sinks

Stock indexes ticked higher Monday, while other markets made louder moves, including another record-breaking lift for the price of gold.

- BY STAN CHOE

The Standard & Poor's 500 index rose 0.5% and won back its losses from last week's drop. The Dow Jones industrial average climbed 0.6%, and the Nasdaq composite added 0.4%.

Baker Hughes helped lead the way and rose 4.4% after delivering a stronger profit for the latest quarter than analysts expected. The energy technology company said it's benefiting from strong momentum in demand for liquefied natural gas, among other things.

CoreWeave climbed 5.7% after Nvidia said it invested $2 billion in the stock and will help accelerate the build-out of Core Weave's artificial intelligence factories, which use Nvidia chips, by 2030 to advance AI adoption. Nvidia slipped 0.6%.

USA Rare Earth rallied 7.9% after saying the U.S. government agreed to provide $277 million in federal funding to help the company produce heavy rare earths, minerals and magnets. The Trump administration also agreed to a proposed $1.3-billion loan, while the company separately raised $1.5 billion through private investors.