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The Dow and S&P 500 kicked off the week with fresh record closes, as stocks rallied in response to deals between OpenAI and Advanced Micro Devices (AMD), as well as Fifth Third Bancorp (FITB) and Comerica (CMA). The Dow finished lower, however, as traders monitored the sixth day of the government shutdown, and officials continued to quarrel. Senators will vote on a House bill to temporarily fund the government for the fifth time this evening. Elsewhere, Wall Street's "fear gauge," the Cboe Volatility Index (VIX) snapped a five-day win streak.
Continue reading for more on today's market, including:
Oil prices settled higher on Monday after the Organization of the Petroleum Exporting Countries and its allies' (OPEC+) oil production hike for November came in lower than anticipated, easing oversupply fears. November-dated West Texas Intermediate (WTI) crude added 1.3%, or 81 cents, to close at $61.69 per barrel.
Gold prices moved higher as well, breaking more records as investors stay on the safe-haven asset. Gold futures for December delivery were last seen down 1.7% at $3,976.30 per ounce.
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