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The Economic Times

Business

Dow ends 400 points higher as investors buy AI stocks; Microsoft rallies

Microsoft United States US Treasury the Federal Reserve Akamai Anthropic Oil

Wall Street ended higher on Friday, lifted by Microsoft and other AI-related technology stocks, while high oil prices and a recent surge in US Treasury yields kept investors on edge.

The S&P 500 gained 37.96 points, or 0.49%, to end at 7,742.09 points, while the Nasdaq Composite gained 125.51 points, or 0.47%, to 27,064.88. The Dow Jones Industrial Average rose 469.07 points, or 0.91%, to 51,819.05.

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