Wall Street Sees Uplift as Tech Leads the Charge

On Monday, the United States' major stock exchanges concluded their trading sessions on a high note, with the technology sector spearheading the upward trend. This surge comes as artificial intelligence (AI) once again takes center stage, momentarily eclipsing concerns over tariffs. Alphabet's CEO, Sundar Pichai, is poised to champion the cause of AI at a summit in Paris, emphasizing the significant risk of "missing out" on this transformative technology.

Market Movements at a Glance

The Dow Jones Industrial Average saw an increase of 0.38%, or 167 points, at the close, buoyed by McDonald's impressive 4.80% rise. Simultaneously, the Nasdaq 100 experienced a notable 1.24% uptick, with Palantir Technologies leaping 5.23%. The S&P 500 also enjoyed a 0.67% boost, highlighted by Super Micro Computer's extraordinary 17.64% surge.

Currency Exchange Update

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.