AMD and OpenAI Propel Wall Street Amid Shutdown Concerns

Wall Street's key indexes saw an upbeat start on Monday, continuing last week's upward trend. This positive momentum comes as AMD's recent chip-supply deal with OpenAI became the latest in a succession of innovative AI partnerships that have caught investor attention.

The Dow Jones Industrial Average made a modest gain of 17.8 points, or 0.04%, reaching 46,776.04 at the opening bell. The S&P 500 similarly increased, adding 18.1 points or 0.27%, to land at 6,733.86. Meanwhile, the Nasdaq Composite climbed 113.8 points, representing a 0.50% rise, closing in at 22,894.352.

This positive performance has helped mitigate concerns over a potential prolonged federal government shutdown, as market participants focus on the promising developments within the AI sector.

(With inputs from agencies.)