Technology stocks led the stock market higher on Monday in anticipation of Nvidia's upcoming AI event. Nvidia is preparing to unveil its latest GPU products, including the B100, at its annual conference. The Federal Reserve will begin its two-day policy meeting on Tuesday, with expectations that interest rates will remain unchanged. Advertisement US stocks experienced a significant surge on Monday, primarily driven by the technology sector, as investors eagerly awaited Nvidia's prominent AI conference. Nvidia's GTC, an annual conference focused on artificial intelligence, commenced on Monday with a keynote address from Nvidia CEO Jensen Huang. Huang is anticipated to provide insights on the future of AI technologies, while also introducing some of the company's new GPU products such as the B100, which follows the highly successful H100. Early Monday trades witnessed a 3% increase in Nvidia's stock value. Advertisement Following the excitement around AI advancements, investors will divert their attention towards the Federal Reserve's two-day policy meeting commencing on Tuesday. It is widely expected that the central bankers will maintain the benchmark interest rate, but investor focus will be on Fed Chairman Jerome Powell's speech to gauge potential interest rate cuts. Related stories: Recent economic data, including two unexpectedly high inflation reports last week, have increased the likelihood of a rate cut in June to approximately 55%. Here is a snapshot of US indexes shortly after the 9:30 a. m.

opening bell on Monday: Advertisement Additionally, here are some highlights in commodities, bonds, and cryptocurrency: