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Barchart
Barchart
Rich Asplund

Stocks Supported by AI Investment and Strength in Miners

The S&P 500 Index ($SPX) (SPY) today is up +0.26%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.27%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.49%.  March E-mini S&P futures (ESH26) are up +0.23%, and March E-mini Nasdaq futures (NQH26) are up +0.47%.

Stock indexes are climbing today, with the S&P 500 posting a 1-week high.  Strength in chipmakers and data storage companies is leading the broader market higher. Mining stocks are also stronger, as copper prices soared to a new all-time high today, amid expectations that the Trump administration may introduce a tariff on refined copper, which has drawn huge volumes of inventory into the US, potentially leaving the rest of the world short of supplies.  US copper imports in December jumped to the highest since July. 

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