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Fed Pause, AI Stocks Fall, LaCroix Soars | Anchorage News
Description
Stocks had a mixed day as the Dow hit a new high while the Nasdaq slid on AI chip company declines, and the S&P barely moved. A weaker-than-expected jobs report and falling oil prices have boosted hopes the Fed may pause rate hikes—now seen as an 82% likelihood—potentially fueling a market rally. Meanwhile, AI stocks like Nvidia and Micron took hits amid profit concerns, but other winners emerged: National Beverage soared on a special dividend, Dollar Tree rose on a buyback plan, and crypto stocks gained as Bitcoin climbed.
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