Skip to main content

US forces board an oil tanker previously sanctioned for smuggling Iranian crude oil in Asia, Defense Department says

By The Associated Press

WASHINGTON (AP) — US forces board an oil tanker previously sanctioned for smuggling Iranian crude oil in Asia, Defense Department says.

Wall Street drifts to a mixed finish after Micron soars and Apple drops

By The Associated Press
NEW YORK (AP) — The U.S. stock market meandered to a mixed finish Thursday after several artificial-intelligence stocks veered back up their roller-coaster ride, while Apple dropped after hiking prices on many of its products. The S&P 500 finished nearly unchanged with a dip of less than 0.1% after swinging between gains and losses throughout the day. The Dow Jones Industrial Average added 71 points, or 0.1%, and the Nasdaq composite fell 0.5%. Micron Technology helped lead the market after jumping 15.7%. The maker of computer memory reported much bigger profit and revenue for the latest quarter than analysts expected, and it gave a stronger growth forecast for the current quarter than Wall Street expected. That helped allay worries a bit that its stock had grown too expensive after coming into the day with a surge of 267% so far this year. Micron and AI stocks broadly have been under pressure recently because of worries that their profits can’t possibly keep pace with the tremendous rallies for their stock prices. But beyond Micron, Qualcomm said late Wednesday that the acceleration of the AI era is forcing it to upgrade forecasts for its own growth in upcoming years. They’re the latest signals of the deluge of dollars heading into AI data centers and other investments.
Read Next Story

Related News

Wall Street drifts to a mixed finish after Micron soars and Apple drops

Philippine devotees honor St. John the Baptist with a mud-covered display of faith

AI stock slump raises the question if investors are just taking profits or getting very nervous