Stock market today: Dow, S&P 500, Nasdaq rise as tech gains for second day, chip stocks rally
US stocks rose on Tuesday as the AI trade, earnings, and an upcoming Fed decision remained in focus.
The Dow Jones Industrial Average (^DJI) rose above the flat line, while the tech-heavy Nasdaq Composite (^IXIC) climbed 1.1%. The S&P 500 (^GSPC) gained 0.6% as semiconductor stocks gained.
(^DJI)
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52,377.57+15.99(+0.03%)
At close: 4:48:23 PM EDT
^DJI^GSPC^IXIC
AI stocks continued to benefit from revived enthusiasm after <a s (ANTH.PVT) IPO investor prospectus, which the company filed publicly on Monday, highlighted the promise — and risks — of <a s interest rate decision on Wednesday. Policymakers began their two-day meeting on Tuesday to discuss whether hotter-than-expected inflation warrants a rate hike. Investors aren't convinced the Fed will move, pricing in just 10% odds of a hike, per
<p>" resilient demand and strong yields drove revenue well ahead of our initial expectations allowing us to recapture more the increase in fuel costs than we initially expected ceo joanna geraghty said a statement.>
