Wall Street: Wall Street starts with gains – Trump-Xi summit and AI stocks in focus
Falling oil prices and yields are supporting the US stock markets. Investors are looking ahead to the meeting between Trump and Xi - at the same time, the mood in the AI sector remains friendly despite doubts about profitability.
The US stock market starts the week with gains, driven by falling oil prices and slightly decreasing bond yields. The price of Brent crude oil drops to around $100 per barrel, while the yield on 10-year US Treasury bonds falls to 4.95%. This week, attention is focused on the Trump-Xi summit in Washington D.C. on Thursday, which is expected to cover trade, tariffs, Taiwan, and AI.
The AI sector continues to grow, with Anthropic securing additional computing capacity and aiming to double its capacity to 10 gigawatts by the end of 2027. Meanwhile, Ciena's stock rises after being upgraded by investment bank Evercore.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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