Key facts
- AI-related stocks rebounded from last week's selloff.
- Oil prices declined, providing additional support.
- Key earnings reports are expected this week.
US stocks opened higher on Monday, with the S&P 500 and Nasdaq Composite seeing gains as AI-related stocks rebounded from a sharp selloff experienced last week. A decline in oil prices also offered support to the market. The Dow Jones Industrial Average, however, opened slightly lower. Investors are looking ahead to key earnings reports scheduled for release this week.