Wall Street Opens the Week Higher Driven by Energy and AI Stocks

New York | EcoPulse24

U.S. stocks kicked off the week with strong gains in a shortened holiday session. The S&P 500 index rose by approximately 0.4%, the Nasdaq gained 0.5%, and the Dow Jones Industrial Average advanced by nearly 170 points.

The energy sector led the rally, benefiting from higher oil prices amid escalating tensions between the U.S. and Venezuela, which boosted investor appetite for energy-related stocks. Consumer discretionary and basic materials stocks also posted gains, alongside positive performance from technology shares - particularly those linked to artificial intelligence - extending the rebound seen at the end of last week.

Improved confidence in economic outlook and corporate earnings further supported overall market sentiment. In contrast, the utilities sector was the weakest performer during the session.

Among individual stocks, Nvidia rose by about 1.3%, Micron Technology climbed 2.0%, and Oracle added 1.4%. Other major companies saw mixed results: Amazon increased by 0.2%, Meta jumped 1.9%, and Tesla surged 2.7%. Meanwhile, Microsoft fell by 0.5%, while Apple and Alphabet both slipped 0.2%, and Broadcom declined 0.4%.

Looking ahead, investors are awaiting the release of delayed economic data in upcoming sessions, including the second reading of GDP growth, which may influence market moves as the year draws to a close.