New Delhi, Nov. 3 -- US stock indices edged higher 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 the open, the Dow Jones Industrial Average rose 134.5 points, or 0.28%, to 47,697.33. The S&P 500 rose 42.1 points, or 0.62%, to 6,882.32, while...