Nasdaq rises 2% to record close as AI stocks rally
Lower oil prices and bond yields also supported US equities, with the Nasdaq posting its first record finish since June.
The Nasdaq Composite rose about 2 percent and closed at a record, according to CNBC, as artificial-intelligence-related stocks led a broad advance.
The supplied item says lower oil prices and cooling bond yields also helped support the market. The Nasdaq’s finish marked its first record close since June.
No individual stock contributions or closing levels were included in the excerpt. The report attributes the day’s gains to a combination of technology-sector strength and a more favorable backdrop in energy prices and yields.
Sources
- Nasdaq jumps 2% to close at a record, buoyed by surge in AI stocks, as well as cooling oil and yields — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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