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Dow rises 200 points as oil falls and chip stocks rally ahead of a Fed decision

Chip and AI stocks rose as Anthropic filed for an IPO, and traders see a 90% chance the Fed holds rates on Wednesday

TIMOTHY A. CLARY / Getty Images

The Dow Jones Industrial Average rose 212 points, or 0.4%, in early trading Monday as chip stocks gained and oil prices fell ahead of the Federal Reserve's policy decision on Wednesday. The S&P 500 and the Nasdaq $NDAQ Composite each gained 0.3%.

Chip and other AI-related stocks moved higher after Anthropic made its paperwork for a stock market debut public. The company intends to have its shares trade on the Nasdaq,........

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