New Delhi, Oct. 6 -- The Nasdaq and the S&P 500 rose on Monday, lifted by the latest corporate activity in the artificial intelligence (AI) sector, which helped to offset broader concerns regarding a potential prolonged US government shutdown.

The market sentiment was notably lifted following the news of chipmaker AMD's supply tie-up with OpenAI. This collaboration represents the newest in a series of significant AI deals that have recently energised investor confidence.

At 09:59 a.m. ET, the Dow Jones Industrial Average fell 218.34 points, or 0.47%, to 46,540.49, the S&P 500 gained 8.59 points, or 0.13%, to 6,724.38 and the Nasdaq Composite gained 85.46 points, or 0.38%, to 22,865.97.

At the open, the Dow Jones Industrial Average rose...