US stocks had been under pressure this week, with the Nasdaq falling the last three sessions following big drops in software equities and some tech giants related to the AI push.<\/p>\n
On Friday, Amazon was the biggest loser on the Dow, falling 5.6% after announcing it planned US$200 billion ($332.3b) in capital spending in 2026 to build up AI capacities.<\/p>\n
While investors continue to worry Amazon and other AI \u201chyperscalers\u201d may not see a sufficient return on massive investments, their plans will bolster infrastructure, banking and other sectors.<\/p>\n
Caterpillar, 3M, JPMorgan Chase, Goldman Sachs, Amgen and Nvidia all rose at least 4%. <\/p>\n
AI plans mean \u201cmassive amounts of money are going to be deployed and that filters out to other companies,\u201d said O\u2019Hare.<\/p>\n
Gina Bolvin, of Bolvin Wealth Management, said the gains showed \u201cconfidence is real\u201d in terms of the outlook for earnings growth.<\/p>\n
\u201cEquity investors are likely to be rewarded \u2013 but the path won\u2019t be smooth,\u201d Bovin said in a note.<\/p>\n
\u201cVolatility should be expected. For investors, this is a reminder to stay intentional: lean into quality businesses with strong earnings power and be prepared for more rotation, not straight-line gains.\u201d<\/p>\n
Earlier milestones for the Dow include when it hit 40,000 points in May 2024 and 30,000 points in November 2020.<\/p>\n
The index has risen fairly steadily for most of the last two and a half years with the exception of the period around Donald Trump\u2019s April 2025 \u201cLiberation Day\u201d tariff proposals, which the President later walked back.<\/p>\n
\u201cCONGRATULATIONS AMERICA,\u201d Trump said in a social media post celebrating the benchmark.<\/p>\n
Elsewhere, both gold and silver rebounded after bruising drops, joining bitcoin, which climbed back above $70,000 after dropping to around $60,000 the prior day.<\/p>\n
– Agence France-Presse<\/p>\n","protected":false},"excerpt":{"rendered":"US stocks had been under pressure this week, with the Nasdaq falling the last three sessions following big…\n","protected":false},"author":2,"featured_media":271660,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[42344,21045,9556,806,138,8556,11581,10666,2175,14051,1888,92509,2082,4999,3499,9557,12469,70226,111,139,69,44625,39480,19257,153608,10665,153609,643,4728,21938,2044,35432,3040,6123,14932],"class_list":["post-271659","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-42344","tag-above","tag-artificial","tag-as","tag-business","tag-companies","tag-connected","tag-cuts","tag-dow","tag-federal","tag-first","tag-focused","tag-for","tag-friday","tag-growth","tag-intelligence","tag-interest","tag-mojo","tag-new-zealand","tag-newzealand","tag-nz","tag-points","tag-prospects","tag-rate","tag-regain","tag-reserve","tag-shrugging","tag-stocks","tag-surged","tag-surges","tag-time","tag-traders","tag-us","tag-while","tag-worries"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/271659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=271659"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/271659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/271660"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=271659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=271659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=271659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}