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Wall Street Drifts as AI Stocks Hold Steadier After Last Week’s Losses
Chipmakers and other AI winners trimmed recent losses as investors weighed higher oil prices and Treasury yields, while the S&P 500 stayed near unchanged.
- Wall Street held steadier on Monday as chipmaker stocks trimmed recent losses, with the Nasdaq climbing 0.2% after the market's first losing week in three.
- Worries about expensive oil and high inflation sent Treasury yields higher, with the 10-year rate climbing to 4.60% from 4.55% late Friday, threatening stock prices.
- Advanced Micro Devices rose 3% after announcing an expanded partnership with Microsoft, while Sandisk climbed 4% after tumbling 29% last week.
- AMC Entertainment jumped 24.3% after reporting stronger quarterly revenue, while Domino's Pizza climbed 3.1% and Jersey Mike's began its roadshow for an initial public offering priced between $21 and $25.
- Alphabet will report earnings on Wednesday with AI updates, while the war with Iran continues restricting shipping through the Strait of Hormuz, keeping Brent crude prices elevated above $72.
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37 Articles
37 Articles
Wall Street holds steadier as AI stocks recover some of last week's sharp losses
Wall Street is holding steadier, as AI stocks trim some of their sharp recent losses. The S&P 500 was flat on Monday, coming off its first losing week in the last three and just its third since the end of…
·Billings, United States
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Coverage Details
Total News Sources37
Leaning Left15Leaning Right3Center13Last UpdatedBias Distribution48% Left
Bias Distribution
- 48% of the sources lean Left
48% Left
L 48%
C 42%
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