Wall Street buoyed by tech shares

US stocks rose on Monday at the start of trading, supported by gains in the technology sector, particularly the ongoing momentum in artificial intelligence shares.

Markets, however, remain under pressure from the continued US government shutdown, which has delayed the release of the monthly jobs report, as well as from warnings about stretched valuations, especially within the tech sector.

Shares of AMD and OpenAI climbed following the announcement of a multibillion-dollar deal between the two companies, while Nvidia’s stock declined as it came under pressure from the same development.

As of 15:57 GMT, the Dow Jones Industrial Average fell by 0.2% (116 points) to 46,642, while the S&P 500 rose by 0.2% (14 points) to 6,730, and the Nasdaq Composite gained 0.4% (97 points) to 22,877.