Wall Street Gains on AI Stocks
U.S. stock indices rose at the start of Monday's trading, supported by a rise in artificial intelligence company stocks, while oil prices fell by more than 2% for the first time in 11 days amid signs of progress in Middle East negotiations. The Dow Jones Industrial Average increased by 254 points, or 0.49%, the S&P 500 rose by 0.55%, and the Nasdaq gained 0.76%. The decline in oil came amid growing fears of new restrictions on the development of artificial intelligence and semiconductors, despite markets expecting continued strong performance in technology investments, especially with investors optimistic about improved negotiations and declining Treasury bond yields.
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