U.S. stocks end mostly higher as tech propels gains amid AI enthusiasm
U.S. stocks closed mostly higher Thursday, as technology companies fueled gains amid investor enthusiasm surrounding artificial intelligence. The S&P 500 finished 0.9% higher, while the tech-heavy Nasdaq Composite climbed 1.7% and the Dow Jones Industrial Average slipped 0.1%, according to preliminary data from FactSet. Chip maker Nvidia Corp. (NVDA) was the top-performing stock in the S&P 500, surging as the index's tech sector closed with sharp gains of more than 4%, preliminary FactSet data show. Communication services was the second strongest sector in the S&P 500 on Thursday, rising a modest 0.4%. Nvidia shares have skyrocketed as investors anticipate the company will benefit from generative AI.
-Christine Idzelis
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May 25, 2023 16:03 ET (20:03 GMT)
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