"Stocks rose on Wall Street Tuesday afternoon and approached more all-time highs. The S&P 500 added 0.6% and is hovering around the record it set in late December. The Dow Jones Industrial Average rose 482 points, or 1%, after setting a record on Monday. The Nasdaq composite rose 0.6% as of 3:01 p.m. Eastern. Big tech companies were making some of the most notable moves. Amazon, which has reached into both retail and technology, surged 3.7%."
"Micron Technology rose 8.8%, also helping to lift the market. Nvidia, which is often the biggest force behind the market's direction, wavered throughout the day and was down most recently by 0.2%. Sandisk surged 25.8% for the market's biggest gain. The stock's value has jumped more than 800% since spinning off from Western Digital last February. The gains have been driven by artificial intelligence and the resulting demand for data-storage hardware. Western Digital rose 17.2%."
U.S. stock indexes climbed, with the S&P 500 up 0.6% near its late-December record, the Dow rising 482 points (1%), and the Nasdaq increasing 0.6% in mid-afternoon trading. Big tech moves included Amazon jumping 3.7% while Apple fell 1.7%; Micron rose 8.8% and Nvidia wavered, down about 0.2%. Sandisk surged 25.8% after a spin-off and has gained over 800% since last February, while Western Digital rose 17.2% as AI drove demand for data-storage hardware. Technology companies focused on AI drew attention during the CES trade show. Benchmark U.S. crude fell about 2% to $57.13 per barrel and Brent eased to $60.70. The 10-year Treasury yield rose to 4.18% from 4.15%, and the two-year yield also increased.
Read at Fast Company
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