AI Stocks Rally Amid Oil Pressure | Irvine News

Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Irvine News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews Wall Street surged today as AI stocks led a powerful rebound, pushing the S&P 500 up 0.5%, the Dow 327 points, and the Nasdaq 0.8%. Micron and AMD powered the rally, proving AI momentum remains strong despite last week’s dip. Rising oil prices—Brent crude over $90—fuel inflation fears, potentially forcing the Fed to hike rates, which could cool markets. Yet, strong earnings from 3M, Hasbro, and GM lifted spirits, with 3M soaring 9% after beating targets and raising forecasts, and Hasbro jumping 10% on Magic: The Gathering sales. Danaher and D.R. Horton slipped, despite meeting targets, due to slower growth outlooks and housing affordability concerns. Stocks remain near record highs amid pressure to deliver, while Asia’s Kospi surged on AI-driven tech gains. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/738fe772ef4d5b1b