BusinessAI Optimism Counters US-Iran War As Wall Street Opens Near Record Highs
By Reuters | 01 Jun, 2026
The growing doubts over a deal to end the three-month-old U.S.-Iran war wasn't enough to keep AI optimism from raising the Dow 128.6 points, or 0.25%, at the open.
Wall Street's main indexes opened near record highs on Monday as investors weighed Nvidia's latest artificial intelligence push against growing doubts over a deal to end the three-month-old U.S.-Iran war.
The Dow Jones Industrial Average rose 128.6 points, or 0.25%, at the open to 51161.1. The S&P 500 rose 2.2 points, or 0.03%, at the open to 7582.29, while the Nasdaq Composite dropped 20.0 points, or 0.07%, to 26952.579 at the opening bell.
(Reporting by Medha Singh in Bengaluru; Editing by Pooja Desai)
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