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US stocks rise and recover some of their losses from a rare losing week
U.S. stocks rose, recovering from a rare losing week, with Big Tech leading gains. The S&P 500 and Nasdaq climbed, driven by AI industry stocks like Nvidia and Broadcom after Samsung and SK Hynix announced a $518 billion South Korean chipmaking investment. SpaceX and Comcast also saw significant gains.
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- AI stocks recover some of last week's sell-off, while oil prices come off their overnight highs
- Hong Kong stocks rebound, in contrast to overnight sell-offs in US
- Asia chip-linked shares recover after U.S. peers bounce back
- Most of Wall Street rises, but sinking AI stocks keep it on track for a losing week