Indexes rise despite high inflation and AI stock worries, signaling market resilience.
Context
What happened: U.S. indexes rose Thursday, led by companies reporting stronger profits, even as AI stocks swung on worries about the durability of their boom.
Key numbers: S&P 500 rose 0.3% to 7,744.06. Dow jumped 556.21 points, or 1.1%, to 52,177.69. Nasdaq added 0.1% to 26,713.03. 10-year Treasury yield fell to 5.09% from 5.19%.
Why it matters: Profit growth is letting U.S. stocks set records despite high inflation and AI spending concerns. Falling Treasury yields signaled investors moving to safer assets, while AI names like Nvidia and TSMC pared early losses.