Wall Street climbs as investors buy AI stocks; Microsoft rallies
SPY•Wall Street rose, with the S&P 500 up 0.45%, the Nasdaq up 0.50% and the Dow up 0.78%. Microsoft gained 3.3% after unveiling new Copilot capabilities, while high oil prices and rising Treasury yields kept investors on edge.
1. AI stocks lift markets
Wall Street climbed on Friday, lifted by Microsoft and other AI-related technology stocks. Microsoft rose 3.3% after unveiling new Copilot capabilities, including a coding tool and an always-on AI agent. Qualcomm gained 5.4% and Dell advanced 6.6%.
2. Indexes and sectors
The S&P 500 rose 0.45% to 7,738.67, the Nasdaq gained 0.50% to 27,073.90 and the Dow added 0.78% to 51,747.99. Seven of the 11 S&P 500 sector indexes rose, led by information technology, up 1.06%.
3. Yields and oil weigh
High oil prices and a recent surge in Treasury yields kept investors on edge. Brent crude remained above $100 a barrel, and the 10-year Treasury yield was last up 3.4 basis points at 5.196%, after reaching a fresh 19-year high.
