Wall Street’s major indexes opened higher today, buoyed by rising stock prices in technology companies as concerns about artificial intelligence receded as investors awaited the release of the minutes of the Federal Reserve’s latest monetary policy meeting to gain insight on the direction of interest rates.
The Dow Jones Industrial Average rose 38.7 points, or 0.08%, to 49,571.92 points.
The Standard & Poor’s 500 Index rose 12.3 points (0.18%) to 6,855.48 points.
The Nasdaq Composite Index rose 51.5 points (0.23%) to 22,629.852 points.
monetary policy
U.S. stocks rose at the start of today’s trading as investors searched for clues about the future of monetary policy ahead of the publication of the minutes of the Federal Reserve’s January meeting.
Nvidia shares rose 1.5% to $187.88 yesterday after Meta announced it would use millions of its chips to expand data center construction.
Amazon shares also rose 1.3% to $203.59 after the Pershing Square Fund increased its stake in the e-commerce company by 65% in the fourth quarter of last year.
Wall Street’s major indexes started the day on a high, with concerns about artificial intelligence easing and technology stocks rising, while investors awaited the release of the latest monetary policy meeting minutes from the Federal Reserve for insight on the trajectory of interest rates.
The Dow Jones Industrial Average rose 38.7 points, or 0.08%, to 49,571.92 points.
The S&P 500 index rose 12.3 points (0.18%) to 6,855.48 points.
The Nasdaq Composite Index rose 51.5 points (0.23%) to 22,629.852 points.
monetary policy
U.S. stocks were rising at the start of today’s trading as investors searched for clues about the future of monetary policy ahead of the release of the minutes of the Federal Reserve’s January meeting.
Nvidia stock rose 1.5% to $187.88 yesterday after Meta announced it would use millions of its chips to expand data center construction.
Amazon’s stock also rose 1.3% to $203.59 after Pershing Square Funds raised its stake in the e-commerce company by 65% in the fourth quarter of last year.
