Wall Street sees weekly rise with Nasdaq leading
Wall Street ended a week of volatility with gains, as the S&P 500 and Nasdaq indices rose thanks to advances in AI-related tech stocks, especially Microsoft, which announced new capabilities for the Copilot application. Shares of Akamai Technologies also increased following an $11.6 billion cloud services deal. Despite these gains, investors remained cautious due to rising oil prices, U.S. Treasury bond yields, and geopolitical concerns between the United States and Iran. The S&P 500 increased by 0.49%, and Nasdaq by 0.47%, with weekly gains of 1.2% and 2.05% respectively, as the market focused on the impacts of artificial intelligence and international policies.
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