S&P 500 faces Warsh push as Citi eyes 8,100 on AI earnings
U.S. stocks kicked off the week higher as investors weighed a slide in oil and optimism over AI. The S&P 500 was up around 1.5% early Monday. Oil dropped after the U.S. and Iran said they agreed to end the war and reopen Strait of Hormuz. Brent crude fell close to 5%, AP and Reuters reported. Investors pointed to strong AI spending as another reason for gains.