Wall Street opens week with gains as tech stocks rise

Wall Street opened the week with gains, with major indices rising in early trading. The Dow Jones Industrial Average was up 0.5 percent, the S&P 500 gained 1 percent, and the Nasdaq composite rose 1.3 percent about 90 minutes after the open. Analysts attributed the uptick to a slight fall in oil prices and strength in index-heavy technology stocks. Brent crude traded at $115.08 per barrel, down 1.4 percent, after prices had surged last week to multi-month highs following attacks on Saudi Arabia by Yemen's Iran-backed Houthi movement. AI-linked stocks such as Nvidia, Micron, Broadcom, and AMD advanced healthily, supported by AI company Anthropic's filing for a Nasdaq listing with an expected very high valuation.