1 Day
Source:
Los Angeles Times
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Wall Street shifts from AI to other stocks as oil prices drop
Most of the U.S. stock market rose after companies reported stronger spring profits than expected, with the S&P 500 gaining 0.2% and the Dow increasing by over 500 points. Major companies like Coca-Cola, Sherwin-Williams, and Illinois Tool Works exceeded profit expectations, supporting a positive market trend. However, chip stocks such as Micron, AMD, and Applied Materials declined sharply due to concerns over the sustainability of AI-related growth and increased competition, impacting market indices.
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