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Industry posts 5% returns in April as stocks including Intel, Alphabet and AMD soar
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The Trump administration is reportedly weighing taking a more aggressive approach to regulating AI, which could include an executive order to increase oversight over artificial-intelligence models before their public release.
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When gas prices surged in March, lower-income drivers tried to cut back, but they still felt the sticker shock. On the other hand, rich drivers barely flinched.
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People with lower incomes are driving less and devoting more of their budgets to transport as gas prices soar.
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NY Fed report finds gas price surge hitting lower incomes harder Yahoo FinanceSame Shock, Different Roads? A K-Shaped Pattern at the Pump Liberty Street EconomicsHigher Gas Prices Are Hitting Lower-Income Americans the Hardest The New York TimesGasoline Surge Fuels a K-Shape Divide in US, Research Shows Bloomberg.comThe 'K-shaped econom
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Stocks continued their push higher Friday, with today's gains helping the major market indexes snap a three-week losing streak.
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There was nothing particularly new today to boost investor sentiment. Both the economic and earnings calendars were thin. And early afternoon speeches from Kansas City Fed President Esther George and Fed Governor Christopher Waller echoed the hawkish tone struck by central bank officials in recent weeks. It could just be that Wall Street has come to terms with the fact that the Fed will almost certainly issue a third-straight 75 basis point rate increase at its policy meeting later this month. Or perhaps investors are simply taking advantage of bargains from the late-August selloff.
Whatever the reason, today's rally was broad-based, with all 11 sectors finishing higher. Leading the pack was communication services, which jumped 2.8% on strong gains for components Meta Platforms (META, 4.4%) and Netflix (NFLX, 2.7%). Energy ( 2.5%) also outperformed as U.S. crude futures bounced 3.9% to $86.79 per barrel.
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As for the major indexes, the Nasdaq Composite's 2.1% rally to 12,112 outpaced its peers. Still, the S&P 500 Index ( 1.5% to 4,067) and the
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