U.S. dollar ticks up

The U.S. dollar increased in late trading on Monday.

The dollar index, which measures the greenback against six major peers, added 0.23 percent to 102.167 at 15:00 (1900 GMT).

In late New York trading, the euro declined to 1.1215 dollars from 1.1252 dollars in the previous session, and the British pound decreased to 1.3219 dollars from 1.3239 dollars in the previous session.

The U.S. dollar bought 158.00 Japanese yen, higher than 157.80 Japanese yen of the previous session. The U.S. dollar added to 0.8307 Swiss francs from 0.8287 Swiss francs, and it was down to 1.4256 Canadian dollars from 1.4259 Canadian dollars. The U.S. dollar was up to 10.0403 Swedish kronor from 10.0366 Swedish kronor.

U.S. stocks closed higher on Monday, as strength in artificial intelligence and technology stocks overcame a renewed surge in Treasury yields to 24-year highs.

The Dow Jones Industrial Average rose 90.94 points, or 0.18 percent, to 51,267.90. The S and P 500 added 51.23 points, or 0.66 percent, to 7,773.95. The Nasdaq Composite Index increased by 286.45 points, or 1.05 percent, to 27,477.31, notching a record closing high.

Ten of the 11 primary S and P 500 sectors ended in the green, with materials and communication services leading the gainers by adding 1.22 percent and 1.14 percent, respectively. Real estate bucked the trend, losing 0.44 percent.

U.S. Treasury yields climbed back toward multidecade highs on Monday. The benchmark 10-year yield settled at 5.31 percent, its highest close since April 2002, after trading above 5.35 percent intraday. The 30-year yield rose 3.5 basis points to 5.66 percent, its highest settlement since May 2002. The two-year yield stood at 4.83 percent.

Oil prices fell as traders weighed the Group of Seven's agreement to release 100 million barrels of crude and diesel from emergency reserves, alongside recovering Middle East exports. The West Texas Intermediate for November delivery decreased by 1.68 U.S. dollars, or 1.84 percent, to settle at 89.43 dollars a barrel. Brent crude for December delivery lost 1.93 dollars, or 1.89 percent, to settle at 100.32 dollars a barrel.

On the corporate front, Nvidia rose more than 2 percent to a record high for the second straight session, remaining the world's most valuable public company. PTC soared 33.49 percent, the S and P 500's best performer, after Schneider Electric agreed to acquire it at 205 dollars per share in a 22.6-billion-dollar all-cash deal, a 42.3 percent premium. By contrast, Schneider fell nearly 10 percent.

SpaceX jumped over 7.5 percent after Morgan Stanley initiated coverage with an overweight rating and a 300-dollar target. Western Digital climbed over 6 percent and Seagate gained about 4.5 percent, rebounding from Friday's plunge on a Toshiba capacity report. Cerebras gained 9.08 percent after OpenAI's Sam Altman called it a "close partner."

On the economic front, the ISM services index for September came in at 54.9, down from 55.4 in August and roughly in line with expectations. Traders see about a 24 percent chance of a rate hike at the Fed's October meeting, down from 71 percent a week ago, according to CME FedWatch.