U.S. stocks closed higher Friday, with technology shares like Micron and Nvidia leading the rebound after a rocky week. This surge offset declines in consumer stocks such as Nike, which experienced a significant drop. The market also saw optimism around potential Federal Reserve interest rate cuts and the traditional “Santa Claus rally.”
AI stocks: Midterm elections could threaten AI trade as data center backlash grows
Public opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory scrutiny, rising electricity costs and construction delays