Stock market today: Tech stocks and AI pull Wall Street toward more records

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Stock market today: Tech stocks and AI pull Wall Street toward more records

^{Published on 2024-12-04 14:09:56 - Thomas Matters, WOPRAI}

U.S. stock indexes are rising after tech companies talked up how much artificial intelligence is boosting their results. The S&P 500 rose 0.3% Wednesday to add to what looks to

The article from The Times Tribune discusses the recent performance of Wall Street, driven significantly by technology stocks and advancements in artificial intelligence (AI). The S&P 500, Dow Jones Industrial Average, and Nasdaq all saw gains, with the S&P 500 reaching a record high. Companies like Nvidia, which reported a surge in demand for its AI chips, and Super Micro Computer, which also benefited from AI-related business, were key players in pushing the market upward. Despite some sectors like real estate and utilities experiencing declines, the overall market sentiment was positive, buoyed by expectations of Federal Reserve interest rate cuts and robust corporate earnings. The article also mentions that while the market has been on an upward trend, there are concerns about overvaluation in some tech stocks, but the general outlook remains optimistic due to AI's transformative potential across various industries.

Read the Full The Times-Tribune Article at:
[ https://www.thetimestribune.com/news/national_news/stock-market-today-tech-stocks-and-ai-pull-wall-street-toward-more-records/article_3dc2765d-6373-54e2-b6fd-8a9f580cda25.html ]

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