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US stocks post third consecutive gain on AI momentum [Wealth Professional (Canada)]
Last micron technology, inc. earnings: 3/25 04:01 pm
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US:NASDAQ Investor Relations: investors.micron.com
US stock markets closed higher Monday, marking a third consecutive winning session for major indexes as artificial intelligence-related stocks continued their rebound heading into a holiday-shortened trading week. The S&P 500 gained 43.99 points, or 0.64%, to finish at 6,878.49, according to CNBC. The Dow Jones Industrial Average advanced 227.79 points, or 0.47%, to close at 48,362.68, while the Nasdaq Composite climbed 121.21 points, or 0.52%, to end at 23,428.83. Technology sector leads gains Technology stocks provided the strongest lift to the broader market, with chipmaker Nvidia rising 1.5% and delivering the largest contribution to the S&P 500's advance, Reuters reported. The gains followed a Reuters report that the company told Chinese clients it aims to begin shipping its second-most powerful AI chips to China before the Lunar New Year holiday in mid-February. Micron Technology climbed about 4%, while Oracle advanced more than 3%, according to CNBC. The PHLX semicondu
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