Wall Street’s flip from AI to less-loved stocks accelerates, while oil prices keep easing - BNN Bloomberg
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Article Excerpt
Most of Wall Street rose Tuesday, even as stocks of computer chipmakers continued to tumble worldwide. Oil prices, meanwhile, eased further from the two-month high they hit last week.
The S&P 500 added 0.2 per cent, but the modest move masked big swings underneath the surface. The Dow Jones Industrial Average jumped 537 points, or 1 per cent, while the Nasdaq composite slipped 0.2 per cent after briefly dropping 9.3 per cent below its record set last month.
S&P 500 market updates here
The majority of the U.S. market rose after more companies delivered stronger profits for the spring than an…
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