The stock market was having a generally strong day to start the week, with the S&P 500 up by about 0.6% as of 2:45 p.m. EST. Instead, the move is being fueled by the announcement that the Federal Reserve's top banking regulator,

Key Takeaways Nvidia shares climbed to close at an all-time high Monday.The gains came after Nvidia supplier Foxconn posted record fourth-quarter revenue.CEO Jensen Huang is also set to deliver the opening keynote at a major consumer electronics show Monday evening.

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.