Wall Street shook off an unsteady start to close higher, led by a powerful rally in chipmakers after AMD announced a new chip deal with OpenAI. Financials were also in focus, with Fifth Third agreeing to buy Comerica in the year’s biggest U.S. bank deal, while Tesla shares climbed after teasing an upcoming product unveiling. Overseas, French political turmoil pushed bond yields higher. In commodities, oil prices rose as OPEC+ increased output less than expected, and gold prices touched a fresh record high. Back home, Aussie shares are set to open higher on Tuesday, inching closer to record levels.

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