AMD and OpenAI Propel Wall Street Amid Shutdown Concerns

Major Wall Street indexes opened higher, buoyed by AMD's chip-supply partnership with OpenAI, stirring optimism despite worries about a potential prolonged federal government shutdown.

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.)