Stocks Rally as Dow Jones Gains and Musk Launches New AI Company
TL;DR Summary
The S&P 500 and Dow Jones Industrial Average were flat in early afternoon trading, with the former facing resistance at the current level due to the risk of an earnings recession. Bank of America gained after strong earnings, while Goldman Sachs saw a decline in revenue. Bitcoin held steady after clearing a critical level last week, hitting the $30,000 mark for the first time since June 2022. Elon Musk has started a new AI rival company called X.ai, which plans to develop 'TruthGPT' to rival Google parent Alphabet, Microsoft, C3.ai, OpenAI, and DeepMind.
- Dow Jones Falls; Tesla Chief Musk Founds New AI Company, Offers 100 Million Shares In Private Sale Investor's Business Daily
- Dow Rises 100 Points as Indexes Finish Monday Higher The Wall Street Journal
- Apple Inc. stock rises Monday, still underperforms market MarketWatch
- Dow Jones Gains As Schwab Boosts Banks; Elon Musk Is 'Looking Into' This Tesla Problem Investor's Business Daily
- Stock Market News Today – Indices Finish Higher after Rallying into the Close TipRanks
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