Wall Street Muscles Higher Despite More Swings for AI Stocks
Investors rotated into broader shares as the market steadied, while AI-related stocks remained volatile after weeks of sharp swings.
- The S&P 500 rose 0.3% on Thursday after erasing early-morning losses and pulled closer to its all-time high set last week.
- A sell-off for AI stocks that began on Wall Street Wednesday whipped around the world, sending South Korea's Kospi index down 7.6% and Japan's Nikkei 225 down 4.9%.
- Nvidia fell 1.7%, while CoreWeave flipped to a 4.4% gain and Marsh & McLennan climbed 5% after the insurance and professional services firm reported stronger-than-expected summer profits.
- Treasury yields retreated as investors sought safer assets, with the 10-year Treasury yield sinking to 5.08% from 5.19% late Wednesday.
- Markets now face high earnings expectations while concerns rise about AI spending sustainability, as many companies have taken on debt to fund their technological aspirations.
12 Articles
12 Articles
Bowen Island Undercurrent
Most U.S. stocks rise and steady Wall Street even as AI stocks keep swinging
NEW YORK (AP) — Most of Wall Street is rising Thursday and helping to keep indexes steady, even as artificial-intelligence stocks keep swinging sharply on worries about how much longer the AI frenzy will last. The S&P 500 rose 0.
Wall Street muscles higher despite more swings for AI stocks
NEW YORK (AP) — U.S. stock indexes muscled higher Thursday, led by companies delivering bigger profits. They pulled closer to their records even as stocks in the artificial-intelligence industry kept swinging on worries about how much longer their boom will last.
THE CLOSING BELL: Wall Street muscles higher despite more swings for AI stocks
By STAN CHOE AP Business Writer NEW YORK (AP) — U.S. stock indexes muscled higher following a shaky day of trading. The S&P 500 rose 0.3% Thursday after erasing an early-morning loss and pulled closer to its all-time high set last week. The Dow Jones Industrial Average jumped 1.1%, and the Nasdaq composite added 0.1%. Markets had been shaky in the morning, when worries about the strength of the AI boom sent stock indexes tumbling across Asia. Bu…
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