The Globe and Mail reports in its Tuesday edition that stocks closed slightly higher on Monday, with artificial intelligence optimism fuelling upward momentum even as the recent rally eased in the home stretch of reporting season. A Reuters dispatch to The Globe reports that all three major U.S. stock indexes and the S&P/TSX Composite Index advanced, and the S&P 500 and the Nasdaq eked out their latest in a series of all-time closing highs. The AI wave is showing few signs of abating. But some market watchers believe the rally is about to run out of momentum. Investor Michael Burry warned on Monday that stocks are likely about to crash. In a post on his Substack, Mr. Burry, one of the biggest winners of the 2008 financial meltdown, said that the 2026 rally in tech stocks is about to end with a thud. The first quarter reporting period is nearing the finish line, with 440 of the companies in the S&P 500 having reported. Of those, 83 per cent have topped earnings expectations. The S&P/TSX Composite Index was up 0.18 per cent at 34,138.88. Materials and gold both rose over 3 per cent and energy stocks gained 1.7 per cent. U.S. West Texas Intermediate settled at $98.07 (U.S.) a barrel, up $2.65, or 2.78 per cent.