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AAP
AAP
Business
STAN CHOE (AP Business Writer)

Wall Street ticks higher as AI stocks recover more losses and oil prices ease

NEW YORK (AP) — The U.S. stock market is ticking higher Tuesday as artificial-intelligence stocks regain more of their sudden and sharp losses from last week, while oil prices ease.

The S&P 500 rose 0.2% and pulled back within 2.5% of its all-time high set a week ago. The Dow Jones Industrial Average was up 195 points, or 0.4%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was close to flat.

Companies selling computer chips, memory and other building blocks of the AI boom again helped lift the market.

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