Stock market today: Dow, S&P 500, Nasdaq rise as AI worries recede, with Fed minutes ahead [Yahoo! Finance Canada]
Madison Square Garden Sports Corp. Class A (New) (MSGS)
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Source: Yahoo! Finance Canada
batch of earnings and for Federal Reserve minutes to give insight into interest-rate cuts. The S&P 500 ( ^GSPC ), the tech-heavy Nasdaq Composite ( ^IXIC ), and the Dow Jones Industrial Average ( ^DJI ), which is less exposed to tech, all picked up roughly 0.2% after the major US gauges closed Tuesday with modest gains S&P 500 (^GSPC) Technology stocks are recovering some composure after a turbulent stretch that saw software names in particular take a bruising. But while the pressure is easing, investors are still weighing the long-term impact of AI on business models and corporate competition, and whether AI investments will pay off. Attention is turning to the Fed's January meeting minutes later Wednesday for insight into policymakers' thinking, as markets price in at least two rate cuts this year. The watch is on for signs of AI fallout in the jobs market and on inflation, as energy prices rise. That lays the ground for the Personal Consumption Expenditures index release on
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