WILD RIDE ON WALL STREET : AI Stocks Soar as Tech Giants Take Center Stage
Tech titans and AI gurus are taking Wall Street by storm, leading to a bullish Thursday that’s got investors grinning from ear to ear. The disruptive technology has propelled stocks like Advanced Micro Devices Inc. and Alphabet Inc. into the stratosphere. And with the Nasdaq 100 clocking its best performance in weeks, the excitement is palpable
Green for Go:
The market is rife with optimism, as Treasury yields stay strong and the dollar takes a nosedive against the Japanese yen. But while gold holds steady, oil is slipping, looking for its sixth consecutive negative session. And Bitcoin? Well, the declining 1% is due to Jamie Dimon’s not-so-favorable comments.
Major US Indices Strut Their Stuff:
But what about the big kahunas on the block? The Nasdaq 100, S&P 500, Russell 2000, and Dow Jones are showing off their impressive gains. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust are also making waves, rallying to new heights
Yen’s Revenge and Sector Gains:
The yen is making a power move, but communication services and technology are leading the pack. Meanwhile, airline stocks are soaring high, but energy and insurance aren’t having the best of times.
Economic Data:
Amid the excitement, new unemployment benefit claims remain steady, while Freddie Mac is reporting falling mortgage rates and wholesale inventories.
Stocks In Focus:
Don’t look away, folks! Walgreens Boots Alliance Inc., Dish Network Corp., R1 RCM Inc., Teradata Corp., and Lulemon Athletica inc. are all making headlines with their major moves, ahead of some crucial earnings reports after the closing bell.
Your turn, readers! What’s your take on the AI-investing craze? Drop a comment and join the discussion!
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