NEW YORK (AP) — Wall Street is recovering a bit from its beat-down from Friday, as stocks swept up in the artificial-intelligence boom bounce back. Oil prices are higher following fighting between Israel and Iran, but they have come off their peaks from overnight. The S&P 500 rose 0.9% early Monday following its 2.6% drop on Friday, which was its worst since October. The Dow Jones Industrial Average rose 215 points, and the Nasdaq composite added 1.5%. Some of the best performers were companies that sell computer chips and other products fueling the AI boom. They had plunged Friday amid worries that their prices had shot too high.
THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below.
Wall Street pointed toward gains early Monday and oil prices are volatile with a potential easing of violence even as Israel and Iran exchange fire.
