Wall Street Rises as Tech Sector Takes the Lead

On Monday, the major stock exchanges in the United States closed higher, with significant gains led by the technology sector. The focus on artificial intelligence (AI) has momentarily overshadowed concerns over tariffs, bringing optimism to the market.

Alphabet CEO Sundar Pichai is expected to emphasize the importance of AI at the upcoming AI summit in Paris, highlighting the risk of 'missing out' on AI advancements as the greatest concern.

Market Performance Highlights

The Dow Jones Industrial Average saw an increase of 0.38%, or 167 points, with McDonald's shares jumping 4.80%. The Nasdaq 100 surged by 1.24%, led by a 5.23% rise in Palantir's stock. The S&P 500 also ended the day higher by 0.67%, with Supermicro experiencing a significant 17.64% increase.

In currency markets, the euro was trading 0.20% lower against the dollar at 3:59 pm ET, with an exchange rate of 1.03072.