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AI Stocks and Oil Drive Market Moves | Irvine News
Description
The market’s dancing with mixed signals as the S&P 500 stays flat, the Dow ticks up, and the Nasdaq dips—driven by earnings that either soar or stumble. Philip Morris and AT&T climb on strong reports and shareholder returns, while Super Micro rockets over 20% on AI server margins, despite lower-than-expected revenue. GE Vernova plummets after weak profits, and Alphabet holds steady ahead of its big AI earnings reveal. AI stocks remain volatile, with Micron bouncing back after a dip, while rising oil prices—spiking past $93 a barrel due to Middle East tensions—threaten inflation and could force rate hikes, weighing on the economy and markets.
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