The Dow Adds 560 Points as Oil Prices Fall Off a Cliff
Oil prices just fell off a cliff, and stocks are loving it. Here's what changed over the weekend, and what it means for the AI trade.
Overview
The stock market spent July panicking about oil prices, chip valuations, and AI spending. It showed up Monday morning in a completely different mood.
All three major indexes are up more than 1% as of 11:54 a.m. ET. The Nasdaq Composite (NASDAQINDEX: ^IXIC) leads with a 1.8% gain after opening nearly flat. The S&P 500 (SNPINDEX: ^GSPC) also started slow, rising to a 1.2% gain. The Dow Jones Industrial Average (DJINDICES: ^DJI) is a different story, staying above the 1% mark through the morning. As of this writing, it's up by 1.1% or roughly 560 points.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.