Stocks Extend Rally, Boosted by AI Optimism
Updated Nov. 20, 2023 5:43 pm ET
Investor enthusiasm for synthetic intelligence took heart stage once more Monday, after Microsoft introduced it was hiring freshly ousted OpenAI CEO Sam Altman to steer its new superior AI analysis workforce.
The information spurred a rally in Microsoft shares, serving to energy inventory indexes larger. The S&P 500 climbed 0.7%, and the tech-heavy Nasdaq Composite superior 1.1%. The Dow Jones Industrial Average rose 0.6%, or round 204 factors.
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