Dow Jones, Wall Street rally on hopes of Iran war ending but futures fall
Benchmark indices on Wall Street rallied on Wednesday, May 20, putting an end to days of sluggish moves on hopes that the Iran war will end soon, although nothing of substance has emerged from West Asia just yet.
The Dow Jones gained over 650 points, while the S&P 500 and Nasdaq gained 1.1% and 1.5% respectively.
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Read MoreUS stocks rally after pressure eases from the bond market and oil prices fall
By STAN CHOE, AP Business Writer
NEW YORK (AP) — The U.S. stock market bounced back Wednesday after pressure eased on Wall Street from the bond market and oil prices gave back some of their big gains.
The S&P 500 climbed 1.1% for its first rise in four days and pulled closer to its all-time high set last week.
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Read MoreBerkshire Hathaway Sold Off 5 Longtime Warren Buffett Stocks. What the New Abel Era Means for You.
Berkshire Hathaway’s (BRK.A) (BRK.B) popular investment portfolio is undergoing some mammoth changes. The conglomerate filed its 13F report to the Securities and Exchange Commission for the period ending March 31, 2026 – making it the first report under the tenure of CEO Greg Abel, who succeeded Berkshire’s longtime leader Warren Buffett.
And if anyone thought that Abel would slowly ease into the job,
US economy now a leveraged bet on AI success, says Lazard CEO
Investing.com — The United States economy has become a leveraged bet on artificial intelligence, according to Lazard Inc. Chief Executive Officer Peter Orszag, who pointed to the technology’s impact on stock market growth and consumer spending.
Orszag said on the Bloomberg Deals television show Wednesday that AI and high-income consumers represent the primary sources of growth in the US.
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Read MoreWall Street Is Warming Up to ServiceNow Stock. That’s Because It’s Now a Bet on Agentic AI.
For much of the past year, investors worried that generative artificial intelligence (AI) would disrupt the traditional enterprise software model. But Wall Street is beginning to rethink that narrative when it comes to ServiceNow (NOW). Increasingly, analysts see the company not as a casualty of the AI era, but as one of its biggest infrastructure winners.
The Burst
Nebius Stock Has Soared & Momentum Story Isn’t Finished Yet
Nebius Group has become one of Wall Street’s most explosive AI infrastructure stories.
The company has carved out a valuable niche. It isn’t just selling hardware or renting generic cloud space. Nebius sits right at the bottleneck of the AI boom, the part of the stack where demand vastly exceeds supply.
Read MoreThe Ivy
Tesla’s Big Bet on Robotaxis Is Getting Pricier
CEO Elon Musk has made it clear that Tesla’s future won’t be defined by cars alone. The company wants to become a dominant force in autonomous transportation and mass-produced robotics, with Musk floating the idea of producing up to one million Optimus robots annually by the end of the decade.
The ambition is enormous.
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Read MoreThe Spotlight
Europe Turns Up the Heat on Google, Again
Alphabet shares slipped early Thursday after regulators in Brussels unveiled yet another inquiry into Google’s business practices. The stock was down Friday, and the reason isn’t exactly mysterious because Europe is once again questioning whether the world’s most influential search engine is playing fair.
At the center of the latest dispute is the European Union’s Digital Markets Act,
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