Wall Street Ends on a High Note

On Monday, the United States' major stock exchanges saw an upward trend at closing, with the technology sector at the forefront of the gains. The resurgence of interest in artificial intelligence (AI) played a pivotal role in this uptick, momentarily overshadowing concerns over tariffs. Alphabet's CEO, Sundar Pichai, is poised to champion AI at the Paris AI summit, emphasizing the significant risk of "missing out" on AI advancements.

Market Highlights

The Dow Jones Industrial Average climbed by 0.38%, or 167 points, with McDonald's shares soaring by 4.80%. Meanwhile, the Nasdaq 100 experienced a notable surge of 1.24%, buoyed by a 5.23% jump in Palantir's stock. The S&P 500 also enjoyed a positive session, closing 0.67% higher, thanks to a remarkable 17.64% rise in Supermicro's shares.

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.