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Main US indexes rise; Nasdaq out front, up ~0.8%
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Cons Disc leads S&P 500 sector gainers; Energy falls most
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Euro STOXX 600 index up ~0.4%
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Dollar gains; crude declines; bitcoin, gold both off >1%
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US 10-Year Treasury yield edges up to ~4.04%
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WALL STREET INDEXES RISE WITH AI IN FOCUS AGAIN
Wall Street's three major indexes are gaining solidly early
on Tuesday as investors continue to assess the latest
developments in artificial intelligence (AI), making for a mixed
bag in technology stocks.
Artificial intelligence lab Anthropic unveiled 10 new ways for
business customers to plug its technology into key areas of
their work, weeks after other releases sparked a selloff in
software shares. Shares in Fair Isaac FICO.N , AppLovin
APP.O , and Palantir PLTR.O are down. But shares of FactSet
FDS.N and Salesforce CRM.N are gaining along with DocuSign
DOCU.O as Anthropic listed them as development partners along
with LSEG LSEG.L .
With all that said, the S&P 500 technology sector .SPLRCT
is the second biggest percentage gainer among the benchmark's 11
major sectors and by far the biggest index point booster.
Policymaker comments on the impact of AI are also an
interesting mix though.
Federal Reserve Governor Lisa Cook said on Tuesday that
artificial intelligence could lead to a possible rise in the
unemployment rate that the U.S. central bank may not be able to
counter with lower interest rates.
But Fed Governor Christopher Waller said he doesn’t expect the
adoption of artificial intelligence technology to wreck the job
market in the U.S.
Elsewhere Royal Caribbean RCL.N , Ford Motor F.N and Home
Depot HD.N are among the top of the pack in the consumer
discretionary index .SPLRCD , which is the biggest sector
gainer, rallying 1.5% after falling sharply on Monday.
Home Depot topped estimates for fourth-quarter results and
maintained its annual forecasts, sending shares in the
home-improvement retail chain up more than 3%. It benefited from
resilient demand from professional contractors and minor repairs
by budget-strapped customers.
Here is a morning snapshot:
(Sinéad Carew)
*****
EARLIER ON LIVE MARKETS:
S&P 500 CORRALLED BY MOVING AVERAGES, TRADERS AWAIT BREAKOUT
THE CASE FOR BRITAIN'S SMALL- AND MID-CAPS
ITALIAN DEBT THE AI WINNER
CLICK HERE
THE HALO EFFECT: INVESTORS ROTATING TOWARD PHYSICAL ASSETS
TRUMP MIGHT BECOME LESS AGGRESSIVE ON TARIFFS CLICK HERE
STOXX SOFT, BANKS WEIGH CLICK HERE
EUROPE BEFORE THE BELL: EDGING HIGHER CLICK HERE
TRUMP FUMES AGAINST THE WORLD AS HIS TARIFFS COME UP SHORT CLICK
HERE
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