{"id":101962,"date":"2026-07-10T19:40:11","date_gmt":"2026-07-10T19:40:11","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/101962\/"},"modified":"2026-07-10T19:40:11","modified_gmt":"2026-07-10T19:40:11","slug":"us-stocks-rise-as-wall-street-shows-its-still-hungry-for-ai-winners","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/101962\/","title":{"rendered":"US stocks rise as Wall Street shows it’s still hungry for AI winners"},"content":{"rendered":"

NEW YORK (AP) \u2014 U.S. stocks ticked higher Friday after Wall Street showed its appetite is still big<\/a> for winners of the artificial-intelligence<\/a> boom.<\/p>\n

The S&P 500 rose 0.4% and was on track to close out its fourth winning week in the last five. The Dow Jones Industrial Average was up 190 points, or 0.4%, with a little less than an hour remaining in trading, and the Nasdaq composite was 0.3% higher.<\/p>\n

SK Hynix. a giant South Korean maker of memory chips, shone in the debut of its stock trading on the Nasdaq. After raising roughly $26.5 billion by selling American depositary shares at a price of $149 each, it jumped immediately after trading began in the midday hours and was most recently up 13.5%. <\/p>\n

SK Hynix\u2019s stock in Seoul has already surged 634% over the last year thanks to euphoria around AI. The boom has created real profits due to surging demand for computer memory. But it\u2019s also raised worries<\/a> that AI stock prices shot have too high and that all the world\u2019s spending on chips and data centers won\u2019t be able to produce enough productivity and profit growth to make it worth it.<\/p>\n

That\u2019s led to sharp recent swings<\/a> for AI stocks, which have grown into some of Wall Street\u2019s most influential because of their huge sizes. Nvidia was the strongest single force lifting the S&P 500 Friday after rising 3.8%. <\/p>\n

Beyond the uncertainty about AI, the focus on Wall Street is shifting to the upcoming reporting season for companies\u2019 profits during the spring.<\/p>\n

Delta Air Lines said it was able to absorb higher fuel prices from April through June because of strong demand from customers to fly, including a wide range of corporate travelers. Its profit and revenue topped analysts\u2019 expectations, and it gave a forecasted range for profit in the summer whose midpoint was above analysts\u2019 expectations.<\/p>\n

Delta\u2019s stock fell 1.5%, though, after coming into the day with a strong 28.2% rise for the year so far. <\/p>\n

Companies across industries will need to produce big growth in profits to justify the big moves for their stock prices, which are broadly near records. Next week will feature earnings reports from many of the biggest U.S. banks, including Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs and Wells Fargo on Tuesday alone. <\/p>\n

Elsewhere on Wall Street, Circle Internet Group rose 4%. The company behind the USDC cryptocurrency, which is supposed to keep the value of $1, said it won U.S. regulatory approval to establish a bank. It will operate under the name Circle National Trust, and CEO Jeremy Allaire said the move \u201cmarks a defining step in bringing blockchain technology and digital assets into the core of the U.S. financial system.\u201d<\/p>\n

<\/p>\n

\n Sign up for Morning Wire:
\n Our flagship newsletter breaks down the biggest headlines of the day.\n <\/p>\n

WD-40\u2019s stock jumped 9.5% after reporting much stronger profit for the latest quarter than analysts expected. <\/p>\n

In the oil market, prices continued to pare their jumps from earlier in the week<\/a> on worries about how the war with Iran<\/a> will affect the global flow of crude<\/a>.<\/p>\n

The price for a barrel of Brent crude oil, the international standard, dipped 0.4% to $76.01.<\/p>\n

That\u2019s above its $72 price from the start of the week, but it\u2019s still well below its wartime peak of nearly $120. The worry is that continued fighting could block oil tankers from the Strait of Hormuz <\/a> and prevent the delivery of crude from the Persian Gulf to customers worldwide.<\/p>\n

<\/p>\n

\n AP AUDIO: Stocks and oil prices drift as global markets continue to calm\n <\/p>\n

U.S. stocks are drifting in early trading.<\/p>\n

President Donald Trump said on his social-media platform that he agreed to continue talks with Iran but also that the United States told it \u201cin no uncertain terms, that the Cease Fire is OVER!\u201d<\/p>\n

In the bond market, Treasury yields ticked higher. The yield on the 10-year Treasury rose to 4.56% from 4.54% late Thursday.<\/p>\n

High yields<\/a> have rattled financial markets worldwide recently. Yields have climbed on worries about expensive oil and high inflation<\/a>, which could push the Federal Reserve<\/a> and other central banks to raise interest rates.<\/a><\/p>\n

Higher rates can keep a lid on inflation, but they also slow the economy and hurt prices <\/a> for all kinds of investments.<\/p>\n

In stock markets abroad, indexes were mixed. South Korea\u2019s Kospi jumped 2.5%, and Japan\u2019s Nikkei 225 rose 1.2% for two of the world\u2019s bigger moves. Stocks fell 1% in Shanghai.<\/p>\n

___<\/p>\n

AP Business Writers Chan Ho-him and Matt Ott contributed to this report. <\/p>\n","protected":false},"excerpt":{"rendered":"NEW YORK (AP) \u2014 U.S. stocks ticked higher Friday after Wall Street showed its appetite is still big…\n","protected":false},"author":2,"featured_media":101963,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[24,1609,25,2606,309,22322,2701,625,19090,49189,5348,1477,829,963,369,29492,348,144,38916,9321,53023,53024,2604,1246],"class_list":["post-101962","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ai","tag-ai","tag-ap-top-news","tag-artificial-intelligence","tag-bank-of-america-corp","tag-business","tag-circle-internet-group","tag-citigroup","tag-donald-trump","tag-energy-markets","tag-federal-reserve-system","tag-financial-markets","tag-general-news","tag-inc","tag-information-technology","tag-iran","tag-jeremy-allaire","tag-jpmorgan-chase-co","tag-nvidia-corp","tag-oil-and-gas-industry","tag-stocks-and-bonds","tag-the-goldman-sachs-group","tag-wd-40-co","tag-wells-fargo-co","tag-world-news"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/101962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=101962"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/101962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/101963"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=101962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=101962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=101962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}