US stocks ended a choppy session higher, with dip buyers diving in after Oracle Corp.’s latest results reignited worries about whether technology companies can monetize their artificial intelligence investment plans.
The S&P 500 Index rose 0.2% to post its first record close since late October, reversing losses from earlier in the day. The Nasdaq 100 Index declined 0.4%, while the Bloomberg Magnificent 7 Index lost 0.6%. Oracle shares plunged 11% after the company said that capital expenditures, a metric of data-center spending, were about $12 billion in the latest quarter, up from $8.5 billion in the preceding period.