US stock market today: Dow jumps 598 points as Micron surges, while Apple drags Nasdaq lower
The US stock market was mixed on Thursday as technology stocks came under pressure while many non-AI stocks helped push the Dow higher. The Nasdaq Composite fell 0.4%, while the S&P 500 rose 0.4%. The Dow Jones Industrial Average gained 598 points, or 1.1%.
Micron earnings beat
Micron Technology was one of the biggest winners of the day after reporting much stronger-than-expected quarterly earnings.
The Burst
Market Commentary: Don’t Buy The AI Hype
Artificial intelligence was poorly understood for so long. What some claimed was AI was really human-programmed algorithms, or rulesets with decision-making programmed by a person.
Artificial intelligence is different.
Read MoreThe Ivy
Don’t Follow Buffett, Here’s Why
The decision to follow a billionaire investor makes intuitive sense. The logic goes something like this: A billionaire only became rich by making a series of decisions that grew their wealth, if I follow their next decisions, I can be rich too. It seems rationale but it can be hazardous to your portfolio.
» Read more about: Don’t Follow Buffett, Here’s Why »
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