Investors Bought the Dip After AI-Fueled Losses. Stocks Climbed.

Stocks mostly climbed on Monday as investors bought the dip following a string of AI-fueled losses during the past week.

The Dow Jones Industrial Average edged down 0.07%, while the S&P 500 gained 0.41%. The tech-heavy Nasdaq Composite overperformed, climbing 1.11%. The index ended a four-week stretch of wins with a 4.5% fall.

Elon Musk made headlines during the session after saying he plans to give every child in the U.S. one share of SpaceX next year, a pledge that could be worth more than $10 billion.

The SpaceX founder and CEO announced the plan during the weekend, noting that the giveaway would begin in 2027.

"Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many," Musk said.

Musk did not explain how the shares would be distributed, who would qualify or whether eligibility would depend on U.S. citizenship. With more than 72 million children under 18 living in the United States, the proposal could involve at least 72 million SpaceX shares.

The geopolitical front was dominated by the escalating feud between President Donald Trump and Ukrainian counterpart Volodymyr Zelenskyy.

The latter has warned that Washington's pressure on Kyiv appeared to be aimed at pushing his country toward surrender.

"I believe steps have been taken to convince Ukraine to capitulate," Zelensky told Bloomberg in an interview in Kyiv. "I am not saying that this is the goal our partners are pursuing," he added, saying he did not want to believe American officials thought the war could end sooner at Ukraine's expense. "But that's how it looks.

His remarks deepened a public confrontation with President Donald Trump over military support, sanctions and Russian diesel exports, as Ukraine prepares for winter with shortages of the interceptors needed to protect its cities. Zelenskyy said he had proposed that Ukraine would stop targeting Russian diesel infrastructure if Washington supplied additional Patriot air-defense missiles.

"My latest model was: We don't target Russian diesel, you give us missiles for Patriot systems to protect our facilities," he said. "But they just want us to stop attacking diesel. And if we strike that, they will disconnect us from something."

The Ukrainian leader linked the pressure to the approaching November 3 U.S. midterm elections. "Now, we have dangerous days ahead of the elections," he said. Trump has argued that Ukrainian attacks on Russian refineries contribute to high fuel prices.

He defended his diesel agreement with Moscow and decision to waive portions of a new sanctions law as necessary to keep Russian President Vladimir Putin involved in peace negotiations. "He doesn't want to end this war, and probably never did," Trump wrote of Zelensky on Sunday.