Wall Street Rallies on AI Optimism; Paramount Settles Lawsuits | Closing Bell
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Watch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Bailey Lipschultz, Carol Massar and Tim Stenovec. A rally in technology giants sent stocks to their best day since early August, with the market also gaining as oil prices sank on hopes for diplomatic efforts to end the war in Iran. The rise in equities sent the S&P 500 up 1.5%. Chipmakers surged as early signs of success for Meta Platforms Inc.’s AI agent sparked enthusiasm about the industry. The social-media firm jumped 11%. Advanced Micro Devices Inc. topped $1 trillion. The Nasdaq 100 rose 2.8%. Brent crude settled around $100. Treasury 10-year yields fell below 5%. Bitcoin surpassed $86,000. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit
Tags: Bailey Lipschultz, Carol Massar, Romaine Bostick, Tim Stenovec
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