Dow Jones was up 0.44 per cent, S&P rose 0.27 per cent, Nasdaq jumped 0.32 per cent as U.S. stock index futures climbed on Monday. Investors' sentiments were boosted by Nvidia and Microsoft's latest gains even though uncertainty surrounding Middle East tensions continues. Nvidia rose 2.4 per cent in premarket trading after the world's most valuable company unveiled a new chip, set for release this fall, which brings AI capabilities to laptops and desktops. The chip is a result of a three-year partnership with Microsoft to "reinvent the PC" for the AI era, Nvidia CEO Jensen Huang said. Microsoft shares added 3.3 per cent. Other PC chipmakers dropped. AMD and Intel fell more than 4 per cent each, Apple dipped nearly 1 per cent and Qualcomm tumbled 8.6 per cent.
The broader mood was somber and oil prices climbed after the latest attacks between the U.S. and Iran raised concerns over efforts to negotiate an end tothe three-month-old conflict.
