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Barchart
Rich Asplund

Stocks Climb on AI Spending Optimism and Strength in Energy Producers

The S&P 500 Index ($SPX) (SPY) today is up +0.54%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.99%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.78%.  March E-mini S&P futures (ESH26) are up +0.58%, and March E-mini Nasdaq futures (NQH26) are up +0.80%.

Stock indexes are climbing today, with the Dow Jones Industrial Average posting a new all-time high.  Optimism about AI spending is boosting chipmakers and data storage companies. Also, energy companies are rallying today after President Trump said a team of US officials will “run” Venezuela after capturing Venezuelan President Maduro and that the US requires “total access” to the country, including its oil reserves.  In addition, mining stocks are moving higher as escalating geopolitical risks in South America boost demand for precious metals as haven assets, with gold up more than 2% and silver up more than 5%. 

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