Dow jumps 469 points as Microsoft and AI-linked tech stocks lift Wall Street
AI Market Summary
US equities ended higher, led by Microsoft and broader AI-linked tech after new Copilot capabilities and a major Akamai-Anthropic cloud deal signaled sustained AI investment. Risk sentiment improved as US-Iran talks suggested a path to reopening the Strait of Hormuz, though oil remained above $100 and 10-year yields hit fresh highs, with Fed hike odds for October rising. Lower forward valuations eased some multiple concerns.
Impact level
● Medium
Affected assets
NCSINASDAQ1002USD/USDT+0.38%
AI Insight · NCSINASDAQ1002USD/USDTAI Insight
▲ Bullish
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U.S. stocks closed higher on Friday, with the Dow up 469 points while the S&P 500 and Nasdaq added 0.49% and 0.47%. Microsoft and other AI-related technology shares led the advance. Akamai surged after agreeing to an $11.6 billion cloud services deal with AI company Anthropic. For the week, the S&P 500’s forward price-to-earnings ratio fell below 19, the lowest since 2023.
