Stock market today: Nasdaq soars to lead stocks higher, Nvidia spurs AI hopes

US stocks rose on Monday ahead of a key Federal Reserve rate decision, as investors set aside worries about stalled interest rates to focus on hopes around AI developments. The benchmark S&P 500 added roughly 0.8%, while the tech-heavy Nasdaq Composite led the way higher more than a 1% gain. The Dow Jones Industrial Average rose 0.2%, signaling a comeback from Friday's loss.

Techs were on the rise, buoyed by AI buzz ahead of the kickoff of chipmaker's Nvidia's annual conference on Monday. Meanwhile, Alphabet shares climbed after a Bloomberg report that Apple is in talks to build Google's Gemini AI engine into its next iPhone. But trading on the Nasdaq, which hosts shares in Apple and other tech giants, was disrupted for at least two hours early Monday thanks to a technical glitch that affected connectivity and matching orders.

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