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Global Indices Lifted by AI Deal Amid Fed Ambiguity
The S&P 500 and Nasdaq gained on an Amazon–OpenAI US$38 billion deal, boosting tech stocks despite mixed signals from the Fed on future rate cuts.
The S&P 500 and Nasdaq Composite edged higher after Amazon.com struck a US$38 billion deal with OpenAI for cloud-services support, which buoyed technology stocks even as hawkish signals from the Federal Reserve tempered optimism. The agreement gave OpenAI access to Nvidia Corporation’s advanced processors and reinforced the AI catalysis narrative for megacaps.
Traders continue to monitor macro data and policy commentary to assess the durability of this technology-led upswing.