Nasdaq and S&P 500 Climb as AI Stocks Rally

The Nasdaq and S&P 500 opened higher on Tuesday, driven by gains in Nvidia and other AI-linked stocks following recent selloffs. Investors are eagerly awaiting further signals on the monetary policy direction, which will be influenced by comments from Federal Reserve officials and upcoming economic data.

The Nasdaq and the S&P 500 opened higher on Tuesday as Nvidia and some other AI-linked stocks rose after bruising selloffs, while investors awaited further cues on monetary policy path based on remarks by Federal Reserve officials and economic data this week.

The Dow Jones Industrial Average fell 12.42 points, or 0.03%, at the open to 39,398.79. The S&P 500 opened higher by 12.86 points, or 0.24%, at 5,460.73, while the Nasdaq Composite gained 75.34 points, or 0.43%, to 17,572.16 at the opening bell.