NEW YORK (AP) — U.S. stocks are climbing Monday amid shaky trading for financial markets worldwide, as AI stocks keep swinging and Brazilian stocks tumble.

The S&P 500 rose 0.7% and more than recovered its losses from last week, pulling within 1.6% of its all-time high set earlier this month. The Dow Jones Industrial Average was up 78 points, or 0.1%, as of noon Eastern time, and the Nasdaq composite was 0.9% higher.

The strongest lift for the market came from Nvidia, which rose 2.2%. That helped the chip company recover some of its drop from three straight losing weeks, its longest such streak since June,…