US stocks rebound on AI optimism revival; Dow rises 387 pts, Nasdaq, S&P 1%

March 16, 2026

Wall Street surged Monday, led by AI-related stocks like Meta and Nvidia, as Meta announced significant layoffs and Nvidia unveiled new components. Oil prices dipped amid easing Middle East conflict concerns, offering market relief. The Dow, S&P 500, and Nasdaq all closed higher, reflecting positive investor sentiment.

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