Wall Street's main indexes opened higher on Monday with technology and AI-related stocks steadying after a dismal October, while risk sentiment got a lift as crude oil prices dropped sharply amid growing hopes of a US-Iran peace deal.
The Dow Jones Industrial Average rose 403.09 points, or 0.78%, at the open to 52,173.40. The S&P 500 rose 33.80 points, or 0.45%, at the open to 7,613.87, while the Nasdaq Composite rose 159.07 points, or 0.63%, to 25,596.07 at the opening bell.
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US stocks today: US stocks rise as oil tumbles on peace hopes, investors eye midterm election
US stocks opened higher on Monday as technology and AI-related shares stabilised following October's selloff. Wall Street also drew support from a sharp decline in crude oil prices amid hopes of a US-Iran peace deal. The Dow Jones, S&P 500 and Nasdaq Composite all advanced at the opening bell.
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