Key facts
- Wall Street stocks closed higher on Monday.
- The Nasdaq and S&P 500 reached record closing highs.
- Technology shares, led by Nvidia, boosted the market.
- Investors monitored US-Iran peace talks.
- The Dow Jones Industrial Average experienced limited gains.
Wall Street's main indexes opened near record highs as investors balanced positive sentiment from Nvidia's latest artificial intelligence advancements against growing uncertainties surrounding a potential deal to end the three-month-old U.S.-Iran war. The market's focus on AI developments, particularly Nvidia's new chip designed for PCs in partnership with Microsoft, provided a strong tailwind, even as geopolitical tensions loomed. Ultimately, tech shares led the Nasdaq and S&P 500 to record closing highs.