US stocks rise on AI earnings optimism as oil and yields ease
Briefing by News4U · First published
Major US indexes closed higher Tuesday after strong AI-related earnings lifted sentiment, while oil prices and Treasury yields eased.
The Dow Jones Industrial Average rose 529 points, or 1 percent, to 52,495, the S&P 500 rose 21 points, or 0.3 percent, to 7,712 and the Nasdaq Composite fell 6 points, or 0.02 percent, to 26,424. [2]
Asian shares and US equity-index futures also rose as strong earnings from AI beneficiaries revived optimism over the tech trade. [1] [2]
3M shares jumped 5.8 percent after it expanded its data-centre partnership with Amazon and raised its full-year profit forecast; SpaceX revenue more than doubled in the third quarter, while Netflix fell 1.7 percent after disappointing forecasts. [2]
Sources
- Asian Shares, US Futures Rise on AI-Trade Revival: Markets Wrap
Bloomberg · · Summary only
- US stocks rise as oil, yields ease
RTHK Finance · · Excerpt