US EditionUS stocks hang near their records as tech keeps climbing
Technology stocks led gains with AMD soaring 32.6% after an AI deal with OpenAI, while bank mergers and Tesla product news also influenced markets, S&P 500 up 0.3%.
- On Monday, Wall Street was hanging near record highs as technology stocks led gains and the S&P 500 rose 0.3%.
- Expectations about Fed rate cuts this year underpin the rally, while AMD slipped 0.4% after the AMD announcement, and much on Wall Street bets on rate cuts this year and next.
- Intraday, the Dow Jones Industrial Average added 17 points early then was down 71 points later, showing swings, while the 10-year Treasury yield rose to 4.16% and the Federal Reserve minutes from last month await release.
- The U.S. government shutdown likely delays some economic reports this week, though earnings from Delta Air Lines, PepsiCo and Levi Strauss remain in focus as trading stays quiet.
- Looking beyond the U.S., AI investment frenzy raises valuation concerns while Japan's Nikkei 225 jumped 4.8% and France's CAC 40 slumped 1.2% after political developments.
39 Articles
39 Articles
Asia stocks rise on AI optimism; Nikkei hits fresh records on leadersh
Asia stocks trade mostly higher in thin holiday trading on Tuesday following Wall Street’s overnight gains, driven by the landmark deal between OpenAI and AMD that lifted sentiment around global AI growth. Asian trading volumes were muted on accoun
Daily Breeze
US stocks hang near their records as tech keeps climbing
By STAN CHOE, Associated Press Business Writer NEW YORK (AP) — Wall Street is hanging near its records on Monday, as technology stocks keep rising. The S&P 500 rose 0.3%, coming off its latest all-time high. The Dow Jones Industrial Average added 17 points, or less than 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.4% higher. Advanced Micro Devices soared 32.6% to help lead the market after announcing a deal where OpenAI wil…
Investors eye AI stocks as market sets new records
On Monday, Wall Street was calm, with little oscillation. The Dow Jones fell slightly by 0.14 percent to 46,694 points, while the S&P 500 and Nasdaq set new records, thanks to gains in the shares of technology firms working on artificial intelligence. AMD's stock jumped the most, even over 20 percent, because they announced an agreement with OpenAI, which will buy 10 percent of the company and receive the delivery of chips for its AI projects. O…
On the US stock market, the most important technology indices and the wide-ranging S&P 500 in early trading on Tuesday have once again picked up further records. However, most recently, the movements were limited.
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