The Economic Times

US stocks: US stocks rise as AI stocks rally, oil tumbles over 3% on Middle East hopes

Wall Street indexes climbed on Monday, propelled by a surge in artificial intelligence stocks. Easing Treasury yields and declining crude oil prices alleviated some pressure on the market. Investor attention shifted towards increasing technology expenditures, enhancing corporate profit forecasts. Additionally, advancements in diplomatic negotiations and hopeful prospects for trade agreements contributed to a positive market atmosphere. Bitcoin's increase also suggested a renewed risk appetite among investors for the day.