US STOCKS-Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- On Friday, Wall Street ended higher as Microsoft rallied 3.3 percent after unveiling new Copilot capabilities, lifting the S&P 500 and Nasdaq amid AI-driven gains.
- High oil prices and rising Treasury yields kept investors on edge throughout the volatile week, while concerns regarding the U.S. war with Iran weighed on market sentiment.
- Akamai Technologies surged 3.2 percent after an $11.6 billion cloud services deal with Anthropic, while Qualcomm gained 5.4 percent and Dell advanced 6.6 percent.
- Traders see a 66 percent chance of the Federal Reserve increasing interest rates by at least 25 basis points in October, up from around 50 percent earlier this week.
- The S&P 500 traded at its lowest valuation since 2023 this week at just under 19 times expected earnings, with AI-related heavyweights driving recent earnings increases per LSEG data.
16 Articles
16 Articles
US stocks: Wall Street ends higher as investors buy AI stocks; Microsoft rallies
WALL Street ended higher on Friday (Sep 25), lifted by Microsoft and other AI-related technology stocks, while high oil prices and a recent surge in US Treasury yields kept investors on edge. Read more at The Business Times.
The New York stock market rose across the board on the 25th (local time), driven by strength in artificial intelligence (AI)-related technology stocks. Although the yield on 10-year U.S. Treasury bonds climbed to its highest level in 19 years, buying pressure surged on AI-related stocks, including Microsoft (MS), pushing the market higher. On this day, the Dow Jones 30 Industrial Average closed at 51,828.59, up 478.61 points (0.93%) from the pre…
The Billings Gazette
Live MintWall Street ends higher as investors buy AI stocks; Microsoft rallies
Wall Street ended higher Friday, lifted by Microsoft and other artificial intelligence-related technology stocks, while high oil prices and a recent surge in U.S. Treasury yields kept investors on edge.
The Economic Times
Times of IndiaDow ends 400 points higher as investors buy AI stocks; Microsoft rallies
Wall Street experienced gains on Friday, driven by positive performance from Microsoft and AI-related technology stocks. High oil prices and rising US Treasury yields created investor uncertainty throughout the week. Various industries are under scrutiny regarding their prospects related to artificial intelligence advancements. Additionally, traders faced a potential interest rate increase by the Federal Reserve in October.
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