AI Buzz Drives Major Indexes To 3rd-Straight Win
All three major indexes logged a third-straight daily win, with the S&P 500 also notching a record high as artificial intelligence (AI) buzz contributed to investor optimism. Today's pop followed news of President Trump's plans for AI infrastructure investment, worth around $500 billion. Strong earnings reports also lifted spirits, with more on the docket, including Alcoa (AA) and American Airlines (AAL).
OIL EXTENDS LOSSES TO 4-STRAIGHT
Oil prices fell for a fourth consecutive session today, amid continued uncertainty over Trump's tariffs and energy policy. February-dated West Texas Intermediate (WTI) crude fell 39 cents, or 0.5%, to settle at $75.44 per barrel.
Gold futures continued their run higher, pushing closer toward a new record high as the greenback continued to disappoint. Gold for February delivery rose 0.3% to settle at $2,768 an ounce.
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