Wall Street closes higher on a day marked by a major Nvidia announcement

The technology sector was in the spotlight during trading on Wall Street this Monday, with Nvidia marking the day by announcing that it will invest $100 billion in OpenAI.

Looking at the New York Stock Exchange's benchmark indices, the Nasdaq closed the session with an increase of 0.70% (22,788.98 points) – the chipmaker soared 3.97% -, followed by the S&P500 (+0.44%; 6,693.77 points) and the Dow Jones (+0.14%; 46,381.54 points).

Apple shares also boosted the tech index, soaring 4.31% at the close of trading, with Wedbush estimates reflecting strong signs of demand for the new iPhone 17.

In monetary policy, Reuters reports that some US Federal Reserve (Fed) officials are ruling out the need for further rate cuts for now, following the central bank's 25 basis point interest rate cut.