Dow Gains Nearly 500 Points
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Nvidia’s earnings report crushed analysts’ forecasts and tamped down on the market’s fears of an AI bubble bursting.
New York Fed President John Williams struck a dovish tone Friday, which eased Wall Street's worries over a potential December pause.
Stocks closed markedly lower on Tuesday as fears of a bubble in artificial intelligence technology hammered markets for a fourth consecutive trading day.
Investors have worried about lofty technology valuations amid concerns over steep artificial intelligence spending.
The Dow Jones Industrial Average was rallying early afternoon Friday, on pace for its biggest jump since August. The Dow was up around 725 points, or 1.6%, which would be its largest daily percentage gain since Aug.
Investors drove the Dow to back-to-back record gains shrugging off concerns about an AI bubble and the lack of economic data tied to the government shutdown.
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Major stock indexes ended sharply lower to begin the week, which will see AI darling Nvidia and retail giants report quarterly results, as well as the release of the September jobs report delayed because of the U.
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US stock futures turned higher Friday after the week's latest bout of turbulence, while bitcoin kept tumbling to hit a multimonth low as AI worries continued to weigh on investors. While stocks are seesawing,