Wall Street ticks higher as AI stocks recover more losses and oil prices ease
- Wall Street indices trended higher on Monday morning, with the Dow Jones Industrial Average rising 195 points (0.4%) by 10:15 a.m. ET.
- The recovery was driven by AI-related stocks, including Micron Technology, which rose 0.7% as chip and memory companies regained losses from the previous week.
- This volatility follows a sharp 13.3% plunge for Micron two days prior, though the company's stock has still tripled in value since the start of the year.
- The market movement coincides with easing oil prices, reflecting a broader attempt by investors to stabilize portfolios amid concerns that AI valuations may have risen too rapidly.
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