US stocks open higher as AI trade steadies, oil falls

Wall Street's main indexes opened higher on Monday with technology and AI-related stocks steadying after a dismal October, while risk sentiment got a lift as crude oil prices dropped sharply amid growing hopes of a US-Iran peace deal.

The Dow Jones Industrial Average rose 403.09 points, or 0.78 percent, at the open to 52,173.40. The S&P 500 rose 33.80 points, or 0.45 percent, at the open to 7,613.87, while the Nasdaq Composite rose 159.07 points, or 0.63 percent, to 25,596.07 at the opening bell.

Reuters

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