SA: Saudi Arabia plans to pour $40bn into AI technology – report
SEEKING ALPHA reports: Saudi Arabia is apparently creating a fund worth about $40B to invest in ...
SEEKING ALPHA reports:
Bargain hunters stepped into the stock market on Thursday, allowing the S&P 500 to break a five-session losing streak. The Nasdaq led the rebound, rising by more than 1%.
The Nasdaq Composite (COMP.IND) closed +1.1%, the S&P (SP500) finished +0.8% and the Dow (DJI) ended +0.5%.
Reviewing the closing numbers, the Dow Jones climbed 183.56 points to finish at 33,781.48 and the S&P 500 advanced 29.59 points to end at 3,963.51. The Nasdaq concluded trading at 11,082.00, a rise of 123.45 points on the session.
Nine of the 11 S&P sectors posted gains on the session. This was led by a 1.6% rise in Info Tech, with Consumer Discretionary also climbing more than 1%. Communication Services and Energy both posted mild losses…
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