Wall Street opens higher as AI rout fears ease
Wall Street indexes opened higher on Monday as investors sought to move past last week's AI-driven sell-off. The Dow rose 1.05 per cent, while the S&P 500 and Nasdaq also gained amid uncertainty over Nvidia CEO Jensen Huang's controversy.
Wall Street's main indexes opened higher on Monday, as investors attempted to shake off last week's AI anxieties while awaiting more clarity on the controversy surrounding Nvidia CEO Jensen Huang, according to Reuters.
The Dow Jones Industrial Average rose 540.52 points, or 1.05 per cent, at the open to 51,826.25. The S&P 500 rose 59.90 points, or 0.81 per cent, at the open to 7,436.76, while the Nasdaq Composite rose 200.72 points, or 0.82 per cent, to 24,780.15.
The gains come after a volatile period for AI-related stocks, with Nvidia at the centre of investor concerns. The market's recovery on Monday suggests a tentative return to risk appetite, though the full impact of the Huang controversy remains unclear.