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US stocks edge higher after swinging through worries about AI and the economy
U.S. stocks rose modestly as investors balanced AI growth optimism with concerns about overinvestment and economic weakness, with 57% of fund managers citing overinvestment risks.
- On Tuesday, U.S. stock indexes rose modestly with the S&P 500 up 0.1% after earlier swings, the Dow climbing 32 points to 49,553.19, and the Nasdaq gaining 0.1% to 22,578.38.
- Investors fearing AI disruption hunted for companies vulnerable last week, while global fund managers flagged overinvestment in AI in a Bank of America survey.
- Deal activity moved media stocks as Paramount Skydance jumped 4.9% after Warner Bros. Discovery allowed a 'best and final' bid and Genuine Parts fell 14.6% after weaker results and an early 2027 split plan.
- Investor sentiment remains fragile as several surveys recently showed weak household confidence amid inflation and job market concerns, while sharp sell-offs can derail market upswings soon.
- Alphabet said its spending could double this year to roughly $180 billion, but analysts warn companies need tremendous profits and productivity to justify such investments, risking a pullback in Nvidia chip spending.
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18 Articles
18 Articles
The Columbian+15 Reposted by 15 other sources
US stocks edge higher after swinging through worries about AI and the economy
NEW YORK (AP) — A quiet finish for the U.S. stock market on Tuesday masked big swings underneath the surface as companies talked about how discouraged their customers are feeling and some tech stocks continued to feel the downside of the artificial-intelligence boom. Read more...
·Vancouver, United States
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Total News Sources18
Leaning Left10Leaning Right2Center5Last UpdatedBias Distribution59% Left
Bias Distribution
- 59% of the sources lean Left
59% Left
L 59%
C 29%
12%
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