US stocks rise as Anthropic IPO filing lifts AI shares
US stocks closed higher Monday as Anthropic's IPO filing boosted sentiment around AI shares, helping the S&P 500 and Nasdaq recover after two consecutive weeks of losses. Semiconductor stocks led gains. The Dow Jones Industrial Average rose 0.28% to 52,361.76, the S&P 500 gained 0.70% to 7,677.03, and the Nasdaq Composite climbed 0.83% to 26,169.38. Anthropic reported $16.29 billion in revenue for the six months ending June, up 1,304% year-over-year, and plans to list on the Nasdaq under ticker ANT. Investors await the Federal Reserve's rate decision Wednesday, with markets expecting rates to stay at 3.75% to 4%. Major tech earnings from Alphabet, Microsoft, and Amazon are also due this week, alongside economic data and the November 3 midterm elections.