Wall Street ends higher on AI stocks buying
“Wall Street ended higher on Friday, lifted by Microsoft and other AI-related technology stocks, while high oil prices and a recent surge in US Treasury yields kept investors on edge. Gains in the S&P 5…”
Gains in the S&P 500 and Nasdaq capped a volatile week driven by uncertainty about what industries will win and lose from artificial intelligence, and by concerns about the US war with Iran and a surge in US Treasury yields.
Microsoft rallied 3.7%, lifting its 2026 gain to 7%, after the software giant unveiled several new capabilities in its Copilot app, including a coding tool and an always-on AI agent. Chipmaker Qualcomm gained 4% and Dell advanced 5%.
Akamai Technologies rallied 3.2% after an $11.6 billion cloud services deal with AI leader Anthropic. The deal includes a warrant that could give Anthropic up to 5% of Akamai. "That's a positive from the standpoint that people are still investing, deals are still being done," said Thomas Martin, Senior Portfolio Manager at Globalt Investments in Atlanta.
"Stay connected with Aman-e-Pakistan for ongoing live reporting and verified investigative updates."
"It's another circular deal, so ok... but Akamai stock is up. "Meta Platforms dipped 3.3%. The social media company's stock soared about 13% this week amid a strong reception to its Muse AI agent, which analysts say could benefit tech infrastructure stocks, while challenging banks, online shopping platforms and other consumer businesses.
The S&P 500 climbed 0.51% to end the session at 7,743.41 points. The Nasdaq gained 0.48% to 27,068.72 points, while the Dow Jones Industrial Average rose 0.93% to 51,828.62 points.
Written by Sheheryar Munawar
Aman-e-Pakistan Senior Journalist & Bureau Reporter
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