The major averages closed higher regaining some of their footing after a down week last week when artificial intelligence stocks came under pressure. The Dow Jones Industrial Average rose 68 points, or 0.15%, to 46,316. The S&P 500 rose 17 points while the Nasdaq rose 107 points or 0.48%.

AI stocks rebounded today led by Nvidia up 2% and Micron up 4%. The diamond for the day goes to Electronic Arts, up over 4% after the video game company agreed to be taken private for $55 billion. U.S. mergers and acquisitions have surpassed $1 trillion this year, up 29% from the same time a year ago, according to Goldman Sachs.

Interest rates were lower as investors await economic data and a possible government shutdown. The 10-year Treasury yield fell 4 basis points to 4.14%. The 2-year Treasury yield was lower by 2 basis points to 3.63%. The 30-year Treasury yield slid more than 5 basis points to 4.71%. The Labor Department said it will not release any data, including the September nonfarm payrolls report that is slated for release Friday, if a shutdown isn’t averted.

Even with the weakness last week, the markets are poised to close higher for the month of September. The S&P 500 has increased more than 3% this month, while the Dow has risen nearly 2%. The tech-heavy Nasdaq has been the outperformer with a more than 5% rally.

In the commodity space, oil was down nearly 4% as OPEC may increase production once again. The energy sector was down nearly 2% today. The price of gold was up a percent to a new record high. Crypto currencies jumped 3% or more today.

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