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OpenAI Upheaval in Focus, Microsoft Stock Inching Toward All-Time High

Artificial intelligence is back in the spotlight, this time with some human drama attached to it.

The AI news will continue Tuesday, when Nvidia reports its quarterly results. The chip maker’s stock—which has been a big contributor to the S&P 500’s gains this year—was also higher in recent trading.

U.S. stocks climbed, led by the tech-heavy Nasdaq Composite. All three major stock indexes are coming off their third straight weekly advance, including a 2.2% gain for the S&P 500.

Bayer shares were down sharply after the company said it’s halting a trial for an experimental cardiovascular drug. Shares of Bristol Myers Squibb, which is developing a similar drug, also slipped.

Treasury yields extended recent declines after a government auction of 20-year bonds met with strong demand from investors. The 10-year yield stood at 4.420%, according to Tradeweb, down from 4.441% Friday and 4.874% at the end of October.

Some Argentinian stocks listed in the U.S. jumped after outsider Javier Milei won Argentina’s presidential election.

The dollar weakened, with the Chinese yuan and the Japanese yen among the biggest gainers against the greenback.

Read More: OpenAI Upheaval in Focus, Microsoft Stock Inching Toward All-Time High

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