The Dow Jones rose $423.31 from the previous day to finish at $51,654.95 on the 9th, as buying spread ahead of earnings announcements by major U.S. companies, which will pick up next week. Expectations surrounding AI-related stocks also supported the market.
The Dow Jones Industrial Average rose $423.31 from the previous day to finish at $51,654.95 in the New York stock market on the 9th. Ahead of earnings announcements by major U.S. companies, which will pick up next week, buying orders came in across a broad range of stocks on expectations for strong results.
Investment in AI-related areas eased concerns about a slowdown in U.S. economic growth and supported the rise in stock prices. The Nasdaq Composite rebounded for the first time in 3 days, rising 172.83 points to 27,366.17.
Among individual stocks, IT company Amazon.com and credit-card company Visa rose, while chemical and office-supplies company 3M fell.