U.S. stocks opened higher on Thursday as Microsoft's forecast-beating results soothed investor concerns about massive AI spending by companies, while investors parsed fresh readings of GDP and inflation data a day after the Federal Reserve's rate decision.The Dow Jones Industrial Average rose 520.1 points, or 1.01%, at the open to 52,114.27. The S&P 500 rose 74.3 points, or 1.02%, at the open to 7,390.45, while the Nasdaq Composite rose 409.1 points, or 1.67%, to 24,852.047 at the opening bell.More to come...
US stocks: US market opens higher as Microsoft's results temper some AI jitters
US stocks opened higher on Thursday morning. Microsoft's strong forecast eased investor concerns about AI spending. Major indices like the Dow and S&P 500 saw significant gains. The Nasdaq Composite also experienced a notable increase at the opening bell. Investors parsed fresh economic data after the Federal Reserve's rate decision.
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