US: Wall Street indices open higher on AI boost

AMD’s chip-supply tie-up with OpenAI became the latest in a series of artificial intelligence deals

Wall Street’s main indexes opened higher on Monday (Oct 6), building on last week’s gains, as AMD’s chip-supply tie-up with OpenAI became the latest in a series of artificial intelligence deals and offset concerns around a prolonged federal government shutdown.

The Dow Jones Industrial Average rose 17.8 points, or 0.04 per cent, at the open to 46,776.04. The S&P 500 rose 18.1 points, or 0.27 per cent, at the open to 6,733.86​, while the Nasdaq Composite rose 113.8 points, or 0.5 per cent, to 22,894.352.