Wall Street Ends Higher with Tech Stocks Leading the Charge

On Monday, the United States' major stock exchanges closed on a high note, driven largely by the technology sector. This surge comes as artificial intelligence (AI) regains focus, momentarily overshadowing tariff concerns. Alphabet's CEO, Sundar Pichai, is poised to champion AI at the Paris AI summit, emphasizing the significant risk of overlooking AI advancements.

Market Highlights

The Dow Jones Industrial Average saw a 0.38% increase, or 167 points, with McDonald's shares climbing 4.80%. Meanwhile, the Nasdaq 100 experienced a 1.24% boost, thanks to a 5.23% jump in Palantir's stock. The S&P 500 also enjoyed a 0.67% rise, highlighted by Supermicro's impressive 17.64% surge.

Currency Movements

In currency markets, the euro was down 0.20% against the dollar, trading at 1.03072 at 3:59 pm ET.