Tech Rally Triggers Market Rebound as AI Fears Ease

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Source: Barron's
Tech Rally Triggers Market Rebound as AI Fears Ease
Photo: Barron's
TL;DR Summary

U.S. stocks rose with the Dow about 400 points higher and the S&P 500 up roughly 0.5% and the Nasdaq up about 0.7%, led by IBM and Salesforce in the Dow as AI fears ease. The S&P’s AMD gained traction after a Meta deal to buy GPUs for AI, while semiconductor and software ETFs jumped; but laggards like American Express and JPMorgan kept some risk in check, signaling cautious optimism after the AI-driven selloff.

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