Stock Market Today: Dow, S&P 500 and NASDAQ futures waver
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Stocks fell broadly on Friday, as traders pared their bets on artificial intelligence in an increasingly uncertain market for tech. The S&P 500 and the Nasdaq Composite each ended the week lower, after posting two weeks of gains.
Two of the three major stock indexes closed at record highs Thursday, a day after the Federal Reserve cut rates and despite concerns about another AI-induced wobble.
Salesforce can still be a winning long-term investment, even if it isn't the high-octane growth stock it used to be.
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US Stock Market Today: Dow Hits New High As Investors Ditch Tech for Broader Market; Dollar Steady
The 30-stock Dow index soared 130 points or 0.3% to 48,835 after opening bell. The S&P 500 and Nasdaq Composite fell 0.1% and 0.5%, respectively.
U.S. stock futures rose on Thursday after advancing on Wednesday. Futures of major benchmark indices were slightly higher.
Oracle was one of the heaviest weights on the market after analysts said they were surprised by how much the tech giant plans to spend on AI infrastructure.
Shares of Constellation Energy Corp. rallied 4.57% to $378.60 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.21% to 6,901.
More drops for superstars caught up in Wall Street’s artificial-intelligence frenzy knocked the U.S. stock market off its record highs.