US stocks close at record high backed by Nvidia gains

US indices ended the first trading session of the week at a record high on Sept. 22, as investor risk appetite improved and the technology sector posted strong gains following the announcement of a strategic partnership between Nvidia and OpenAI, valued at up to $100 billion.

The Dow Jones Industrial Average rose 0.14%, or 66 points, to 46,381, marking a new record high.

The broader S&P 500 gained 0.44%, or 29 points, to 6,693, while the Nasdaq Composite advanced 0.70%, or 157 points, to 22,788 — both also closing at record highs.

Wall Street received a boost from a 3.93% surge in Nvidia shares, closing at $183.61, after the chipmaker signed a deal worth up to $100 billion with OpenAI to provide the ChatGPT developer with new data center infrastructure.

The Stoxx Europe 600 inched down 0.15% to 553.4 points, weighed down by a 2% decline in the automotive sector.

Germany’s DAX slipped 0.50% to 23,527 and France’s CAC 40 fell 0.30% to 7,830. Meanwhile, London’s FTSE 100 added 0.10% to 9,226 points.

Japan’s Nikkei 225 increased 1% to 45,493 marking its highest closing level on record, while the broader Topix index edged up 0.50% to 3,163 points.

In commodities, Brent crude futures for November delivery slipped 0.16%, or 11 cents, to $66.57 a barrel.

US Nymex crude futures for October delivery (expires today) rose slightly, by 4 cents, to $62.64 a barrel.

Gold futures for December delivery added 1.87%, or $69.3, to settle at $3,775.10 an ounce.