Wall Street opens higher on optimism for AI demand

Wall Street kicked off November on firmer ground on Monday, driven by optimism around AI demand with OpenAI and Amazon striking a US$38 billion deal, while Kenvue shares soared after Kimberly-Clark's buyout deal.

The Dow Jones Industrial Average rose 134.5 points, or 0.28 percent, at the open to 47,697.33. The S&P 500 rose 42.1 points, or 0.62 percent, to 6,882.32, while the Nasdaq Composite rose 227.0 points, or 0.96 percent, to 23,951.911.

REUTERS