Big Tech's AI spending, Treasury yields plunge: Market Takeaways

Date:

Share post:


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



Source link

Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Recent posts

Related articles

Ford to inject up to $4.76 billion into cash-strapped German business

FRANKFURT (Reuters) -Ford will inject up to 4.4 billion euros ($4.76 billion)...

Brian Boru stands as a reminder of Portland's past. Is it time to move on?

Mar. 10—Whenever Russell Foster drives by the old Brian Boru building on Center Street in Portland, he...

7-Eleven takeover moves closer amid talks over fate of stores

STORY: 7-Eleven could be getting closer to a takeover. Japanese owner Seven &...

Russian forces advance further in Kursk, pro-Russian war bloggers say

MOSCOW (Reuters) -Russian forces advanced further in Kursk region on Monday as part of a major encirclement...

Megalodon: Scientists Reveal a Crucial Surprise About The Mega-Shark

It remains a sad fact of this world that we will never know for certain what the...

Meet the federal worker who went rogue: ‘I hope that it lights a fire under people’

NEW YORK (AP) — To billionaire Elon Musk and his cost-cutting team at the Department of Government...

Tokyo was filled with charred corpses after US firebombing 80 years ago. Survivors want compensation

TOKYO (AP) — More than 100,000 people were killed in a single night 80 years ago Monday...

Fox host asks Trump whether he is ‘comfortable’ that ‘Ukraine may not survive’

Fox News host Maria Bartiromo pressed President Trump on whether he is “comfortable” with the idea that...