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A second straight cool inflation print sent the S&P 500 above 7,800 for the first time as chipmakers surged.
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Steve Eisman shares his 'picks and shovels' AI stock strategy, highlighting NVDA, MU, and GEV while warning hyperscaler cash flow is gone.
U.S. stock markets closed higher on Friday as investors reacted to weaker-than-expected September employment data. Nonfarm payrolls increased by only 29,000 versus the expected 79,000, pushing the unemployment rate to 4.2%. The Nasdaq Composite rose 1.2%, the S&P 500 gained 0.7%, and the Dow advanced 0.5%. The weak jobs report increased expectations that the Federal Reserve may maintain interest rates in the 3.75%-4.00% range.
Sen. Mark Kelly urged AI companies to fund job training, apprenticeships and small businesses to address workforce disruption caused by AI.
Dan Ives names three AI stocks that might be under the radar for investors.
Will S&P 500 open higher? Polymarket odds reach 62% as Wall Street awaits FOMC mins, monitors $101 Brent crude, tracks October's win streak.
S&P 500 and Nasdaq 100 hit records as the 10-year yield retreats from a 24-year high; Constellation Energy jumps on a Google nuclear deal.