India, Oct. 19 -- The S&P 500 and Nasdaq Composite rose on Monday as artificial intelligence (AI)-related stocks recovered from last week's sharp fall. Lower oil prices also supported the market ahead of several major company earnings reports due this week.

The S&P 500 and Nasdaq Composite recorded their biggest weekly declines since late June on Friday. Investors were worried that higher interest rates could make it more expensive for companies to invest in AI infrastructure, especially data centers, Reuters reported.

The recent market selloff reflected growing concerns about how companies will pay for the expensive expansion of AI infrastructure. These concerns have put pressure on companies that have helped drive the US stock market'...