NASDAQ Drives Wall Street Gains

The Nasdaq index rose, led by a rebound in semiconductor and artificial intelligence stocks, after a sharp decline in the market last week due to concerns over AI technology funding and rising interest rates. Shares of semiconductor companies, which were negatively impacted, closed lower, with the Philadelphia Semiconductor Index dropping 15.7% over eight sessions, in the hope that the market might begin to recover if no new negative developments emerge. Investors are also awaiting earnings reports from major tech companies like Meta and Tesla. The US stock market closed higher, with the Nasdaq increasing by 1.11% and the S&P 500 by 0.42%, while oil prices fluctuated around $103.66 per barrel.

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