US stocks (^GSPC, ^IXIC, ^DJI) closed higher as Nvidia (NVDA) shares rose over 5%. This is driven by continued artificial intelligence (AI) investments from Big Tech despite initial concerns about reduced capital expenditures (CapEx) spending.
Yahoo Finance senior reporter Josh Schafer joins Asking for a Trend host Josh Lipton to note that major companies like Microsoft (MSFT) and Alphabet (GOOG, GOOGL) are increasing CapEx spending, benefiting Nvidia (NVDA).
Additionally, the 10-year Treasury yield (^TNX) dropped to its lowest level since mid-December, helping boost market sentiment, with sectors like real estate gaining.
To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.
This post was written by Josh Lynch
