S&P 500 ends higher as Oracle reignites AI rally; Boeing drops

Yahoo

20 hours ago

STORY: Stocks closed higher Thursday with the Dow rising a quarter of a percent, the S&P 500 gaining about four tenths of one percent and the Nasdaq also adding about a quarter of a percent.
A strong outlook from Oracle fueled optimism around artificial intelligence, offsetting worries about tension in the Middle East and a drop in Boeing shares.
Oracle hit a record high during the session and closed up more than 13% after the company raised its annual revenue forecast, driven by strong demand for its AI-related cloud services.
Shana Orczyk Sissel, founder and CEO of Banríon Capital Management believes AI-related stocks are what investors should consider for the long term.
'The types of companies that I'm looking to invest in right now are companies that have a tailwind that is largely not impacted long term by things like tariff policy, fiscal policy, things of that nature. Transformational things which obviously I'm referring to things like artificial intelligence and AI, the chip makers, anybody that is highly involved in the AI ecosystem, I think will benefit long term, despite short term headwinds of that are related to broader economic policy.'
Shares of Boeing fell nearly 5% after an Air India Dreamliner jet crashed minutes after taking off in India's western city of Ahmedabad, killing more than 200 people.
Investors were still monitoring rising tensions in the Middle East.
President Donald Trump said U.S. personnel were being moved out of the region because "it could be a dangerous place," and he said the United States would not allow Iran to have a nuclear weapon.
Officials from both countries are scheduled to meet in Oman on Sunday for a sixth round of nuclear talks.