U.S. stocks in New York opened mostly higher. Despite uncertainty over whether U.S.-Iran war-ending talks will be finalized, optimism about Nvidia's push into its latest artificial intelligence (AI) business appeared to play a role.
On the 1st (local time), the Dow Jones Industrial Average rose 128.6 points (0.25%) at the open to 51,161.1. The Standard & Poor's (S&P) 500 was up 2.2 points (0.03%) at 7,582.29. However, the Nasdaq composite started down 20.0 points (0.07%) at 26,952.579.
Nvidia is currently exerting the biggest influence on market sentiment. Nvidia unveiled new AI chips that day, climbing more than 2% early in the session. Chief Executive Officer Jensen Huang said of the newly unveiled AI chips, "They will be a platform that transforms decades-old PCs into the AI era."
By contrast, U.S.-Iran cease-fire talks remain a negative factor. According to local media that day, the Iranian negotiating team for talks with the United States halted the exchange of messages aimed at reaching a cease-fire deal with the United States in protest of Israel's attacks on Lebanon.