Evening Market Recap - Monday, 16-Dec

US equities were mostly higher in Monday trading as stocks ended a bit off best levels, though Nasdaq finished at a fresh record high. Some of today's specific tailwinds include a rally in the semis and AI space, tabbed momentum following last week's Broadcom results, and an AI-driven Tesla upgrade. In macro news, December’s flash Markit Manufacturing PMI missed, falling to a three-month low as the report flagged weaker future expectations on tariff and inflation concerns.