US EditionUS stocks drift near their records as tech keeps rising and Wall Street keeps ignoring DC’s shutdown
Partnership between OpenAI and South Korean firms lifts chip stocks up to 9.9% amid U.S. government shutdown, with AI infrastructure spending driving market gains.
- On Thursday, trading on Wall Street was mixed early as chip and AI stocks climbed after OpenAI announced partnerships with South Korean firms for the Stargate project worth $500 billion.
- The U.S. government shutdown delayed the Labor Department weekly jobless claims report and the monthly jobs report scheduled for Friday, leaving corporate announcements as Thursday's main market drivers.
- Samsung Electronics rose 3.5% and SK Hynix jumped 9.9%, lifting South Korea's Kospi 2.7%, while Advanced Micro Devices climbed 3.5%, Broadcom gained 2.5%, and Taiwan Semiconductor Manufacturing Co. rose 1.2%.
- Technology-Led gains left major indexes modestly higher as the Dow Jones Industrial Average added 78 points, or 0.2%, and the S&P 500 rose 0.3% coming off its latest all-time high.
- Heightened AI-driven spending has helped push markets to records, but investors worry heavy AI investment could create a bubble even as they hope the Federal Reserve cuts rates.
42 Articles
42 Articles
Wall Street ticks toward more records, led by technology stocks
NEW YORK (AP) — U.S. stocks are ticking toward more records on Thursday as technology stocks keep rising and as Wall Street keeps ignoring the shutdown of the U.S. government. The S&P 500 rose 0.1%, coming off its latest all-time high. The Dow Jones Industrial Average was up 117 points, or 0.3%, with a little less than an hour remaining in trading, and the Nasdaq composite was up 0.5% and on track for its own record. Thursdays on Wall Street typ…
U.S. stocks drift near their records as tech keeps rising and Wall Street keeps ignoring DC's shutdown
U.S. stocks are drifting around their records on Thursday as technology stocks keep rising and as Wall Street keeps ignoring the shutdown of the U.S. government.
Idaho Press
Trading on Wall Street mixed early; chip stocks lifted by OpenAI deal with South Korean tech firms
Trading on Wall Street was mixed early despite a shutdown of the U.S. government that threatened to drag on indefinitely. Futures for S&P 500 were up 0.2% before the bell, Thursday while futures for the Dow Jones Industrial Average ticked…
The Columbian
US stocks drift near their records as tech keeps rising and Wall Street keeps ignoring DC’s shutdown
NEW YORK (AP) — U.S. stocks are drifting around their records on Thursday as technology stocks keep rising and as Wall Street keeps ignoring the shutdown of the U.S. government. Read more...
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