US equity markets closed firmly in positive territory on Monday, with the Dow Jones Industrial Average setting a new record high.
The blue-chip index climbed 0.29% to finish at 53,055.91 points, while the S&P 500 gained ground alongside it.
The advance was driven by renewed investor appetite for technology stocks, particularly those linked to artificial intelligence, which extended their rally for a second consecutive day.
Falling oil prices provided additional tailwinds, helping to stoke risk appetite across broader markets.
The combination of tech strength and lower energy costs created a favorable environment for equities, allowing major indices to push past previous peaks.
Swedish financial daily Dagens Industri reported that the tech giants were instrumental in pulling Wall Street upward, with the energy sector's price decline acting as a catalyst for broader buying interest.
The market's ability to sustain momentum into a new record suggests that investor confidence remains robust despite ongoing macroeconomic uncertainties.