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Technical actions lead the bigger part of Wall Street Higher -Irvine Times

Technical actions lead the bigger part of Wall Street Higher -Irvine Times

The S&P 500 rose by 0.5%as four out of every five shares in the index climbed. The industrial average of Dow Jones added 168 points, or 0.4%, and the NASDAQ composite won 0.3%.

Meta platforms helped to push the indices higher after an increase of 1.6%. The company behind Facebook and Instagram made a better profit for the end of 2024 than analysts expected.

Perhaps just as important to the market, he also talks about his artificial intelligence efforts and said he would continue to invest in space.

This reassured some of the worries created by a Chinese start, Deepseek, when he said he had developed a large language model capable of competing with the best in the world without having to use chips from the highest flight.

This raised questions about whether the whole investment expected for AI chips, data centers and electricity is really needed and sent shock through the markets earlier this week.

The AI ​​boom is the main reason for running the US stock market to repeated records in recent years, and the threat has affected shares such as NVIDIA particularly difficult.

The chip company, which has become a symbol of AI Frenzy, spent the bigger part of Thursday, but it ended with a profit of 1% and was one of the strongest forces to raise the S&P 500.

The inspection of the indices was Microsoft, which fell by 6.2%. The Washington-based software giant has led the expectations of profit analysts for the last quarter, but the focus was on the slower than expected growth in its business with cloud computers, which is the center of AI efforts.

Microsoft CEO Satya Nadela also continued to talk about AI after a Deepseek interruption.

“Deepseek has had some real innovations,” he said, and it’s good to make a profit of efficiency and lower prices when developing AI because “it means that people can consume more and will be written more applications.”

The pressure is on companies to continue to make stronger profits. This would help them compensate for the power of reducing their shares from the profitability of the profitability in the bond market recently. When the bonds pay more interest, investors are not so ready to pay high prices for shares.

The yield of the Ministry of Finance is climbing amid fears that inflation may remain persistently over 2% of the target of the Federal Reserve. The solid American economy and concerns about tariffs and other policies that potentially come from President Donald Trump are part of the reasons for the rise.

The Ministry of Finance’s yields took place relatively stable on Thursday after the report indicated that the US economy was growing at a solid rate at the end of 2024, but a little more slow than economists expected. The Ministry of Finance’s 10-year profitability dropped to 4.52% from 4.53% late Wednesday.

The report showed the Goldilocks economy at the beginning of the year, which was neither too hot nor too cold, according to Gregory Daco, the chief economist at EY.

But he warned that many uncertainties from Washington could change things, including what he does with income tax, tariffs and immigration.

The yield felt some pressure after the European Central Bank reduced its basic interest rate, hoping to increase the stagnant economy in the region.

In Washington, the Federal Reserve also reduced its basic percentage from September to help the US economy, but it decided to stay firmly on Wednesday. Fed President Jerome Powell said he probably needs to see more evidence of delay either in inflation or in the US labor market in order to decrease further.

Wall Street Tesla manages 2.9% higher, although the Elon Musk electric vehicle company reported a weaker profit for the last quarter than the analysts expected. Mr. Musk claims that Tesla will offer unsupported technology “full self-driving” to its customers as a paid service beginning in Austin in June.

IBM gathered 13%after winning the expectations of analysts for profit. Executive Director Arvind Krishna pointed out his growing book about generative business with AI and said IBM expects his overall revenue to increase at least 5% this year.

At the loser end of Wall Street was UPS, which fell by 14.1%, although they were at the forefront of the expectations of the analysts for profit. The package delivery company stated that its largest customer Amazon would reduce its volume by over 50% by the second half of 2026.

American Airlines fell by 2.5% in its first trade after a crash involving a Flight of an American Eagle and an army helicopter just outside Washington. The reason for the collision in the middle of the air on Wednesday night is investigated.

All said, the S&P 500 won 31.86 points to 6,071,17. The industrial average of Dow Jones increased by 168.61 to 44,882,13, and the NASDAQ composite added 49.43 to 19 681,75.

In the stock markets abroad, the indices have grown in much of Europe after Japan Nikkei 225 added 0.3%. Several Asian remained closed to the Lunar New Year.

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