Wall Street rose as a result of AI stocks. Tuesday saw a 0.6% increase in the S&P 500. The Nasdaq composite increased 1.2%, while the Dow Jones Industrial Average increased by less than 0.1%.
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While most of the S&P 500’s equities declined, a few of significant AI stocks saw increases. Following the announcement of a funding agreement that will provide Anthropic access to its AI processors, Broadcom rose.
Following the release of their most recent quarterly results, JetBlue and Royal Caribbean Group increased, offsetting declines for Boeing and Hilton.
One day before to the Federal Reserve’s announcement of decision on rates, Treasury yields were mostly unchanged.
On Tuesday:
- The S&P 500 gained 45.83 points, or 0.6%, to 7,722.60.
- The Dow Jones Industrial Average gained 15.99 points, or less than 0.1%, to 52,377.57.
- The Nasdaq composite rose by 308.43 points, or 1.2%, to 26,477.81.
- The Russell 2000 rose by 32.45 points, or 1.2%, to 2,818.87.
For the week:
- The S&P 500 has increased by 1.3%, or 98.92 points.
- The Dow is up 0.3%, or 162.41 points.
- The Nasdaq is up 2%, or 522.47 points.
- The Russell 2000 has increased by 1.5%, or 42.97 points.
For the year:
- The S&P 500 has increased by 12.8%, or 877.10 points.
- The Dow is up 9%, or 4,314.28 points.
- The Nasdaq is up 13.9%, or 3,235.82 points.
- The Russell 2000 has increased by 13.6%, or 336.96 points.
