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 0.8% 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 154 points, or 0.3%, as of 1:15 p.m. Eastern time, and the Nasdaq composite was 1.1% higher.