Wall street opens higher as Anthropic IPO filing boosts chip stocks
Photo: CNBCTV18
US stocks opened higher on Monday, October 26, as semiconductor and other artificial intelligence -linked shares rallied following Anthropic’s public filing for an initial public offering. Investors also tracked a decline in oil prices and braced for a busy week of corporate earnings and the Federal Reserve’s interest rate decision. The Dow Jones Industrial Average rose 212 points, or 0.4%, at the open. The S&P 500 gained 0.3%, while the Nasdaq Composite advanced 0.4%, as markets rebounded after the S&P 500 and Nasdaq posted their second consecutive weekly losses. Chipmakers led gains among technology stocks, with Nvidia rising 1.4%, Micron Technology climbing 2.3%, Broadcom adding 1.5% and Advanced Micro Devices gaining 1.3%.Anthropic IPO filing revives AI tradeInvestor sentiment received a boost after Anthropic, the company behind the Claude AI chatbot…
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