AI-Driven Rally Extends as Fed Week Ahead Looms
TL;DR Summary
Last week U.S. stocks pushed to fresh highs on strong jobs data and AI-driven demand, with the S&P 500 up about 0.8% and the Nasdaq up around 2.3% as the 10-year yield eased and the VIX fell. Chip stocks led gains on AI spend and data-center growth, while some AI names retreated; oil traded in the mid-to-high $90s to $100s amid geopolitical tensions. In the week ahead, focus shifts to Fed policy after the jobs data, ongoing AI spending, and a busy earnings calendar with previews for firms like AMAT, BABA, TGT, XOM and others, along with notable ex-dividend dates.
Topics:business#ai#earnings#macro#market#market-news#note-only-five-tags-allowed-use-five-market-macro-ai-semiconductors-earnings#semiconductors
- The Week That Was, The Week Ahead: Macro and Markets, May 10 TipRanks
- What to Expect in Markets this Week: CPI Report, Retail Sales Headline Economic Data; Earnings from Cisco, Consumer Firms Land Yahoo Finance
- Trending stocks this week as Wall Street pushes higher amid chip rally, strong jobs data Seeking Alpha
- 1 Stock to Buy, 1 Stock to Sell This Week: Applied Materials, Alibaba Investing.com
- What’s Happening in the Markets This Week Morningstar
Reading Insights
Total Reads
0
Unique Readers
20
Time Saved
32 min
vs 33 min read
Condensed
98%
6,446 → 100 words
Want the full story? Read the original article
Read on TipRanks