The S&P 500 and Nasdaq opened higher on Monday as AI stocks rebounded from last week's sharp selloff. While the Dow Jones Industrial Average fell 23.8 points, the S&P 500 rose 43.3 points. Lower oil prices also helped markets as many investors waited for key earnings reports due this week.
Oct 19 (Reuters) - The S&P 500 and Nasdaq opened higher on Monday as AI-related stocks rebounded from last week's sharp selloff, while a decline in oil prices provided additional support ahead of key earnings reports this week.
The Dow Jones Industrial Average (.DJI), opens new tab fell 23.8 points, or 0.05%, to 51,978.58 at the open. The S&P 500 (.SPX), opens new tab rose 43.3 points, or 0.57%, to 7,702.77, while the Nasdaq Composite (.IXIC), opens new tab rose 255.3 points, or 0.98%, to 26,395.287.
Sign up here.