By Caitlin McCabe
Tech stocks are rising to kick off a week that will challenge investors' appetite for the artificial intelligence trade again.
The Nasdaq composite is up more than 1%, a sign traders are brushing off the AI worries that have jolted stocks in recent weeks.
That optimism will face a test tomorrow, when chip giant Samsung is expected to share a second-quarter update. SK Hynix's $29 billion U.S. stock-market listing will follow just a few days later, in what is set to be one of the biggest share sales in history.
Meanwhile, SpaceX's fast-track entry into the Nasdaq-100 tomorrow is poised to spark a flurry of trading.
On Wednesday, the Fed will release minutes from its first meeting under Chairman Kevin Warsh, which traders will parse for clues on the trajectory of interest rates.
Oil is little changed. OPEC+ countries agreed to raise their production for a fifth straight month yesterday, as a supply shock quickly turns into a glut.
The dollar is strengthening against a basket of currencies while the yen is weakening; traders are on high alert for an intervention.
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