U.S. stocks retreated from record highs as concerns over the AI boom and OpenAI’s performance weighed on tech shares. Investors are anticipating quarterly results from major AI firms, while the Federal Reserve’s stance on inflation amid soaring crude prices remains a key focus.
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of