New Delhi, Nov. 3 -- The S&P 500 and Nasdaq surged on Monday, primarily buoyed by strong optimism surrounding the continued demand for Artificial Intelligence (AI) infrastructure and a major deal in the consumer healthcare sector.

The market sentiment was significantly lifted by the news of a colossal $38 billion computing deal struck between OpenAI and Amazon Web Services (AWS).

Separately, the consumer health sector provided additional tailwinds after Kimberly-Clark announced it would acquire Kenvue (the Tylenol maker) in a cash-and-stock transaction valued at approximately $48.7 billion.

At 11:54 AM ET, the Dow Jones Industrial Average fell 186.25 points, or 0.39%, the S&P 500 gained 10.83 points, or 0.16% and the Nasdaq Composite g...