Stocks rise on AI optimism; oil down supports bonds
Global stocks gained as evidence of booming AI demand lifted tech shares, while oil fell on reports that more supply was leaving the Gulf than previously thought despite the ongoing conflict.
Global stocks rose on Monday as signs of booming AI demand boosted tech shares. Oil prices fell on reports that more supply was leaving the Gulf than previously thought, despite the ongoing conflict. The bond market, after last week’s sixth straight weekly selloff, also found support.