US stocks close higher on tech sector boost
US stocks finished the first session of the week in positive territory, lifted by strong performance in the technology sector as Nvidia rebounded from a recent sell-off that had pressured artificial intelligence companies amid concerns over the sustainability of spending on the emerging technology.
The Dow Jones inched up 0.15%, or 68 points, to 46,316 points.
The S&P 500 gained 0.26%, or 17 points, to 6,661 points. The Nasdaq Composite Index ticked 0.48% higher, or 107 points, to end at 22,591 points.
The technology sector saw a rise in Nvidia shares by 2% to $181.88, and a 4.50% gain in Electronic Arts stock to $202.05, after the company announced its approval of a $55 billion acquisition deal that would take it private.
The Stoxx Europe 600 added 0.2% to 555,53, supported by gains across most sectors and major stock exchanges.
On the other hand, Germany’s DAX remained unchanged at 23,745. France’s CAC 40 gained 0.15% to 7,880, and the UK’s FTSE 100 edged up 0.15% to 9,299.
In Japan, the Nikkei 225 fell 0.7% to 45,043, while the broader Topix lost 1.75% to 3,131.
Brent crude futures for November delivery dropped 3.10%, or $2.16, to $67.97 a barrel.
US West Texas Intermediate (WTI) crude for November shed 3.45%, or $2.27, to $63.45 a barrel.
Gold futures for December delivery climbed 1.21%, or $46.2, to $3,855.2 an ounce, with the most actively traded contract hitting a record high for the 38th time in 2025.
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