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The Dow jumps 800 points as oil prices ease, but slumping AI stocks keep Wall Street in check
The Dow Jones Industrial Average rose 841 points as oil prices declined, but AI stocks like Broadcom fell sharply despite strong earnings. The S&P 500 gained 0.2% after a nine-day winning streak, while the Nasdaq composite dipped 0.2%. Companies such as Elanco Animal Health and Zoetis saw gains due to expectations of stronger profits linked to a screwworm fly outbreak in Texas.
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Adjacent reporting
- Slumping AI stocks weigh on Wall Street, even as oil price ease
- Asian shares surge after oil prices slip and Wall Street resumes its AI rally
- World shares are mostly higher, tracking Wall Street’s fresh records, and oil prices fall
- Oil prices climb back toward $100, and US stocks halt their record-breaking rally
- Stocks fall and oil prices gain after Trump warns the Iran ‘clock is ticking’
- Asian shares retreat as US stocks halt their record-breaking rally, while oil prices fall back