The S&P 500 withstood a mixed day on Wall Street with plenty of help from Amazon.com and other key AI stocks.
The market benchmark rose 0.2% even though most stocks and sectors in the index fell on the day. The Nasdaq Composite gained 0.5%. The Dow Jones Industrial Average fell about 225 points, or 0.5%.
The two-year Treasury yield fell to just below 3.6%. The 10-year yield rose to 4.1%. The big news of the day was that Amazon signed a $38 billion deal to provide cloud infrastructure for OpenAI. That sent shares of the Big Tech titan higher. Shares of Nvidia and Palantir Technologies were among some of the day’s big winners.