US stock market remains calm, even as oil prices rise
By STAN CHOE, AP Business Writer
NEW YORK (AP) — The U.S. stock market remained calm Wednesday, even as the price of oil got back to rising.
The S&P 500 edged down 0.1% for a second day of modest moves following what had been a wild stretch caused by the war with Iran.
» Read more about: US stock market remains calm, even as oil prices rise »
Read More1 Millionaire-Maker Artificial Intelligence (AI) Stock To Buy
Key Points
-
AI stocks have soared since ChatGPT was launched.
-
Software stocks have tumbled on fears of disruption.
-
Axon is rolling out some exciting new AI products.
More than three years after the launch of ChatGPT,
» Read more about: 1 Millionaire-Maker Artificial Intelligence (AI) Stock To Buy »
Read MoreStock market today: Dow, S&P 500, Nasdaq futures fall, oil surges as Middle East conflict escalates
US stock futures retreated on Thursday as oil prices pressed higher amid signs the Iran war is widening across the Middle East to further threaten disruption to energy supplies.
Dow Jones Industrial Average futures (YM=F) were down 0.5%, following a second straight mostly down day on Wall Street.
Read MoreStock Market Today (LIVE): Tesla's AI Mimics Microsoft; MercadoLibre Expands In Argentina
Today’s Highlights
📌 Top story — scroll down for more updates
Closing Bell
4:05 pm — ORCL +9.2% today
The Dow closed down nearly 300 points Wednesday as intensifying naval conflict in the Strait of Hormuz pushed West Texas Intermediate crude up 4% to $87.
Read MoreTesla shares caught between oil price surge and long-term EV demand boost
While support at $382 holds, though, the $440 region may be reached, provided that the $414 – $420 resistance zone is bettered.
Despite recent volatility and a 10% year-to-date (YTD) drop, Tesla shares remain significantly higher over the past year – up around 62% – and continues to trade at a premium valuation compared with most traditional automakers.
» Read more about: Tesla shares caught between oil price surge and long-term EV demand boost »
Read MoreThe Burst
Palantir’s Run Feels Unstoppable, But for How Long?
Palantir Technologies (NYSE: PLTR), the data analytics powerhouse, has been one of Wall Street’s most explosive success stories. Since its direct listing in late 2020 at $10 a share, the stock has soared by almost 18-fold gain. Over that same stretch, the S&P 500 hasn’t even doubled.
That kind of outperformance doesn’t happen by accident.
» Read more about: Palantir’s Run Feels Unstoppable, But for How Long? »
Read MoreThe Ivy
Is Micron’s AI Gold Rush a Perfect Storm?
Micron Technology soared by more than 42.98% over the last 30 days, a jaw-dropping rally even by tech’s feverish standards. The reason? Artificial intelligence and specifically, the voracious appetite for memory chips powering the world’s new AI data centers.
But beneath the surface of the AI euphoria, do the fundamentals justify the soaring share price?
» Read more about: Is Micron’s AI Gold Rush a Perfect Storm? »
Read MoreThe Spotlight
Brinker Just Flashed Classic Reversal Signal, Time to Take a Bite?
After weeks of sluggish price action, Brinker International (NYSE: EAT) is starting to show signs that the bulls are back in the kitchen.
On March 25th, EAT delivered a textbook technical setup that a technical trader could only but describe as a “character change.”
The stock filled a prior gap from early March,
» Read more about: Brinker Just Flashed Classic Reversal Signal, Time to Take a Bite? »