The stock market showed signs of gaining momentum on Tuesday as the Dow Jones Industrial Average and other major indexes rose. Google’s stock also saw a rally after the announcement of a new artificial intelligence chip, called Axion.
The Dow Jones Industrial Average saw a slight increase of 0.1% in morning trading, with the S&P 500 climbing 0.4% and the Nasdaq composite moving up 0.5% after the opening bell. The 10-year Treasury yield slightly decreased to 4.38%, while oil prices continued to rise.
Google’s parent company, Alphabet, saw its stock price increase by 1.1% following the announcement of the new AI chip. This move is expected to reduce Google’s reliance on external vendors and put it in competition with Intel and Nvidia.
Investors are anticipating the release of the consumer price index and the Federal Reserve’s meeting minutes later this week. In addition, the earnings season is set to kick off with reports from big banks and companies like Delta Air Lines.
The stock market continues to be a dynamic environment, and it’s vital for investors to stay informed and adapt to changing market conditions. By keeping an eye on key indicators and company developments, investors can make more informed decisions about their portfolios.
