Stock market today Dow, S&P 500, Nasdaq gain as Big Techs AI spending shows no sign of letting up

Image for article Stock market today Dow, S&P 500, Nasdaq gain as Big Techs AI spending shows no sign of letting up
News Source : Yahoo Entertainment

News Summary

  • The tech-heavy Nasdaq Composite ( ^IXIC ) rose roughly 1%.
  • The Dow Jones Industrial Average ( ^DJI ) rose 0.5%, while the S&P 500 ( ^GSPC ) also added 0.7%.
  • All three major averages posted gains for the week, and the Dow also recorded a0.7% gain for the month of July.
  • Oil prices turned higher as traffic in the Strait of Hormuz began to falter following a recent reescalation in hostilities.
Techs jumped as US stocks extended gains on Friday morning, after South Korean stocks roared back and Big Tech earnings revived optimism in the artificial intelligence trade.

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