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.
31 Articles
31 Articles
Indexes rise as investors buy Artificial Intelligence stocks
Wall Street ended higher Friday, lifted by Microsoft and other artificial intelligence-related technology stocks, while high oil prices and a recent surge in U.S. Treasury yields kept investors on edge.
US stocks: Wall Street ends higher as investors buy AI stocks; Microsoft rallies
WALL Street ended higher on Friday (Sep 25), lifted by Microsoft and other AI-related technology stocks, while high oil prices and a recent surge in US Treasury yields kept investors on edge. Read more at The Business Times.
Watch Markets Rise as AI, Oil & Treasury Yields Drive the Week
The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Morgan Stanley Private Wealth Management Executive Director Katerina Simonetti, BMO Chief FX Strategist Mark McCormick, Jefferies Managing Director & Equity Research Analyst David Katz, Yale University Jackson Institute for Global Affairs Senior Fellow Stephen Roach, Citi Wealth Head of Portfolio Construction & Analytics Olaolu Aganga, Council on Foreign Relations Senior Fellow Rebecca Patterson, Georgetown Institute of International Economic Law Visiting Scholar Peter Harrell, & Keeneland President & CEO Shannon Arvin.
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