Wall Street saw a higher open to the stock market this week, with US indices surging on Monday, on the back of a sharp decline in crude oil prices. Investors are also wary of technology stocks after last week's AI-driven volatility.
Dow Jones Industrial Average rose 1.2% or 600 points at open to 51,870, while S&P 500 rose 0.9% to 7,457. Meanwhile, the tech-heavy Nasdaq Composite gained 0.8%.
US West Texas Intermediate crude futures fell nearly 3% to around $88 a barrel, while international benchmark Brent crude declined more than 3% to about $95 a barrel.
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This follows a mixed session on Friday, when Wall Street recovered some ground after Thursday's sharp technology-led sell-off. The Nasdaq Composite rose 1.09%, while the S&P 500 gained 0.31%. The Dow Jones Industrial Average, however, fell 237.33 points, or 0.46%.
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