US Stocks Weigh Iran Tensions Amid AI Boost
US stocks opened with caution on Monday as investors weighed renewed tensions between the US and Iran. The Dow Jones Industrial Average dipped slightly at the opening bell, while the S&P 500 experienced a modest rise in early trading.
The Nasdaq Composite also climbed higher during the opening session. A strong revenue forecast from AI lab Anthropic provided some support for tech stocks, with chipmakers leading the gains. Micron Technology rose 4.5% and SanDisk climbed 6.7%, while the S&P 500 technology sector added 0.1%.
Investors will closely watch results from Nvidia next week for indications of whether the technology-led momentum can continue. The Nasdaq Composite edged up 0.09% to 26,753.40, while the Dow Jones Industrial Average fell 0.18% to 53,635.58 and the S&P 500 slipped 0.09% to 7,778.92.