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The Economic Times
The Economic Times

US stocks: US market ends sharply higher as AI optimism reignites and Treasury yields retreat

The S&P 500 and Nasdaq ended sharply higher on Monday, lifted by gains in Advanced Micro Devices and other AI heavyweights, while Treasury yields retreated from recent highs and crude prices tumbled to an 11-day low on speculation about a potential breakthrough in Middle East talks at a UN meeting this week.

Chip stocks rallied, with Intel and Arm Holdings both surging.

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