00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Dow Jones Industrial Average rose more than 550 points Thursday as concerns about
00:07artificial intelligence spending pushed investors toward stocks outside the technology sector,
00:12according to CNBC.
00:14The Dow gained 1.08 percent, while the S&P 500 added 0.33 percent, and the tech-heavy
00:21Nasdaq Composite edged up 0.08 percent.
00:24Walmart and Nike advanced as investors weighed concerns about a potential memory chip glut
00:28and slowing AI revenue growth.
00:30CoreWeave rebounded nearly 6 percent following a sharp decline Wednesday, while Micron Technology
00:36gained nearly 2 percent.
00:37Meanwhile, inflation concerns persisted after September producer prices jumped 1.3 percent
00:42from August and 6.3 percent from a year earlier.
00:46The increases, the largest since 2022, raised concerns that the Federal Reserve could tighten
00:50monetary policy more aggressively.
00:52For all things money, visit Benzinga.com.
