S&P 500, Nasdaq rise as AI stocks rebound and oil prices fall
What's next: Investors are watching major earnings this week after last week's sharp selloff in AI-related shares.
US stocks opened mixed Monday, with the S&P 500 and Nasdaq moving higher as AI-related shares bounced back from last week’s steep decline and lower oil prices added support. At the open, the S&P 500 gained 43.3 points, or 0.57%, to 7,702.77, while the Nasdaq Composite rose 255.3 points, or 0.98%, to 26,395.287. The Dow Jones Industrial Average slipped 23.8 points, or 0.05%, to 51,978.58. The early move came ahead of key corporate earnings reports due later this week, as traders looked for fresh signals on the strength of the AI trade and the broader market.