Wall Street sees gains as optimism over AI boosts semiconductor stocks

Wall Street's main indexes rose on Monday to one-week highs as optimism around AI boosted semiconductor stocks, and a report suggested the incoming Trump administration could adopt a less aggressive stance on tariffs than previously anticipated.

At 12:03 p.m. the Dow Jones Industrial Average opened and rose 0.83%, the S&P 500 gained 1.25%, and the Nasdaq Composite gained 1.75%.