Wall Street closes sharply higher as AI chips surge, oil sinks and crypto joins the risk-on rally
Executive summary: US stocks finished broadly higher, led by a powerful rebound in AI and semiconductor shares. The S&P 500 rose 2.36%, the Nasdaq Composite gained 4.86% and the Russell 2000 added 0.68%, while the Dow Jones slipped 0.44%. The biggest moves came in SOXX, Meta, Nvidia and Tesla, alongside a steep drop in WTI crude and a jump in Bitcoin. The session points to a market rotating toward growth, while energy and financials lagged. [Continue Reading]
Sponsored

