Published • loading... • Updated
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.
Insights by Ground AI
45 Articles
45 Articles
Sydney Morning Herald+3 Reposted by 3 other sources
From fear to greed and back again: AI is taking Wall Street to extremes
Artificial intelligence could wipe us all out. Or it might just kill our unwanted subscriptions. Those are the scenarios sharemarkets have swung between over the past two weeks.
·North Sydney, Australia
Read Full Article
Coverage Details
Total News Sources45
Leaning Left7Leaning Right7Center13Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 26%
C 48%
R 26%
Factuality
To view factuality data please Upgrade to Premium
