Wall Street Recovers some of the Week’s Losses After AI Stocks Swing Back Upward
Chipmakers and other AI names led gains as the 10-year Treasury yield eased to 4.52% and oil prices slipped, easing pressure on stocks.
- On Thursday, the United States stock market recovered some weekly losses as artificial-intelligence companies turned back upward, with the Nasdaq composite rising 0.7%.
- Chipmaking Companies led market gains, with Intel rising 8.6% and Applied Materials climbing 5.9%, despite ongoing investor questions about whether AI investment produces promised profits.
- Easing oil prices helped stabilize markets even as worries persist about the war with Iran; Brent crude oil fell 1.1% to $92.08 per barrel, while U.S. benchmark crude oil slipped 0.6% to $89.52 per barrel.
- The European Central Bank raised interest rates on Thursday in response to inflation, while The Federal Reserve, under new chair Kevin Warsh, is expected to keep rates steady next week.
- Treasury yields eased to 4.52% from 4.55% late Wednesday, signaling slight market relief, though wholesale price data shows inflation rose more in May than economists had expected.
20 Articles
20 Articles
Ottumwa Courier
Wall Street recovers some of the week's losses after AI stocks swing back upward
U.S. stocks are recovering some of their losses for the week, as the roller coaster for AI companies turns back upward. Oil prices and Treasury yields, meanwhile, remain near where they were the day before, even though worries are rising…
The News-Gazette
New Castle NewsUS stocks rise and oil prices hold steady, even as worries and rates rise due to the Iran war
The U.S. stock market is recovering some of its losses for the week, as the roller coaster for artificial-intelligence companies swings back upward. Oil prices and Treasury yields are meanwhile holding relatively steady even though worries are rising about the…
Wall Street rises as AI stocks swing back upward and oil prices ease
NEW YORK (AP) — The U.S. stock market is recovering some of its losses for the week on Thursday, as the roller coaster for artificial-intelligence companies turns back upward. They also got some help from easing oil prices and Treasury yields, which relaxed the pressure even though worries are rising about the war with Iran and accelerating inflation. The S&P 500 added 0.6%, coming off a back-to-back drop that yanked it back to where it was in e…
Coverage Details
Bias Distribution
- 44% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
