Wall Street opens higher as Anthropic IPO filing boosts AI focus
US stocks opened higher on Monday as Anthropic's IPO filing drew investor attention ahead of a week of corporate earnings and the Fed's interest-rate decision. The Dow rose 0.20 per cent, the S&P 500 gained 0.21 per cent and the Nasdaq climbed 0.28 per cent.
US stocks opened higher on Monday as Anthropic's IPO filing drew investor attention ahead of a week dominated by corporate earnings and the Federal Reserve's interest-rate decision.
The Dow Jones Industrial Average rose 105.3 points, or 0.20 per cent, to 52,320.45 at the open. The S&P 500 rose 16.0 points, or 0.21 per cent, to 7,639.7, while the Nasdaq Composite rose 71.5 points, or 0.28 per cent, to 26,026.865.
The IPO filing by Anthropic, an artificial-intelligence company, sharpened focus on the AI sector, according to market observers. The development comes as investors anticipate a busy week of corporate earnings reports and the Federal Reserve's upcoming interest-rate decision.