On Wednesday, stocks moved higher despite some volatility.
The S&P 500 increased by about 0.2%, the Dow Jones Industrial Average climbed 143 points (or 0.3%), while the Nasdaq Composite remained mostly flat.
Alphabet, the parent company of Google, saw its shares drop by 7% after reporting lower-than-expected cloud revenue, raising concerns among investors about the company’s ability to capitalize on its artificial intelligence investments.
This revenue miss reflected challenges the company may face in its AI ambitions. Understanding these market reactions can help investors better navigate their decisions.
Source (CNBC)
