Categories: Business

S&P 500 ends higher as investors ignore AI news

The S&P 500 posted its biggest comeback since September as Wall Street shrugged off some weakness in stocks linked to the artificial intelligence trade.

The market benchmark rose 0.2% after falling 0.9% earlier in the day. This is its biggest reversal from an intraday low into positive territory since September 11, when it was down 1.6% but closed up more than 1%.

The Dow Jones was up for much of the day. It closed up 359 points, or 0.9%. The Nasdaq Composite fell 0.4%. The tech-heavy index was dragged down by struggles among chip stocks after the Biden administration’s moves to cap exports of AI chips to some countries.

remon Buul

Recent Posts

Europe and Canada say they will spend more in defense, but are cool for American requests

Brussels (AP) - The European NATO allies and Canada declared on Friday that they were…

25 seconds ago

Live updates: the American employment report shows strong growth in the midst of Trump’s pricing fears

President Trump's prices mean that companies in the European Union and around the world risk…

1 minute ago

How Tsunoda and Verstappen’s towers compare themselves on the first day of eye work in Japan

It is fair to say that, when the long -awaited beginnings of Yuki Tsunoda with…

2 minutes ago

The biggest fear of Trump in Western Asia? China – Thecradle.co

The biggest fear of Trump in Western Asia? China Thecradle.coHow America could end up doing…

4 minutes ago

Russell Brand is accused of rape and assault: NPR

The actor and actor Russell Brand faces criminal charges in England for allegations of rape…

5 minutes ago

The dispute with the Israeli government overshadows the birthday of the release of Buchenwald Camp – Politico

Israeli officials accuse Boehm, professor of philosophy at the New School for Social Research in…

6 minutes ago