From Kiplinger · · 1m 10s
Dow Rises Amid AI Stock Selling
Dow climbs 0.4% as AI stocks fall amid market volatility.
In brief
Dow climbs 0.4% as AI stocks fall amid market volatility. Dow Jones Industrial Average rose 0.4% to 51,983 while S&P 500 dropped 0.5% and Nasdaq fell 1.1% as AI stock selling intensified. Originally reported by Kiplinger.
Stocks Mixed Monday
Stocks were mixed on Monday as an early across-the-board bounce softened during the second half of trading.
Geopolitical Optimism
President Trump reportedly told Israel's Prime Minister Netanyahu he's open to diplomacy for Middle East peace.
Oil and Treasury Yields
West Texas Intermediate crude futures declined 8% to $95.84 per barrel while Treasury yields were mixed.
Market Volatility Triggers
Market volatility triggers include midterm elections on Tuesday and the October jobs report on Friday.
Dow Jones Performance
The blue-chip Dow Jones Industrial Average rose 0.4% to 51,983 by closing.
S&P 500 and Nasdaq
The S&P 500 shed 0.5% at 7,541 while the Nasdaq Composite fell 1.1% to 25,164.
AI Stock Selling
AI stocks sold off as investors remain cautious about AI trade and semiconductor spending.
The bottom line
Dow Jones Industrial Average rose 0.4% to 51,983 while S&P 500 dropped 0.5% and Nasdaq fell 1.1% as AI stock selling intensified.
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