STOCKS | New York Stock Market Rises on AI Stock Gains

The New York stock market experienced an uptick, driven by gains in artificial intelligence-related stocks. According to RTHK, the Dow Jones Industrial Average closed at 49,662 points, marking an increase of 129 points or 0.26%. The Nasdaq Composite Index ended at 22,753 points, up by 175 points or 0.78%. Meanwhile, the S&P 500 Index closed at 6,881 points, rising by 38 points or 0.56%. Chipmaker Nvidia and Meta have reached an agreement to sell millions of existing and future AI chips to each other. As a result, Nvidia's stock rose by 1.6%, while Meta's stock increased by 0.6% at the close of trading. In addition to technology stocks, energy and consumer discretionary stocks also contributed to the market's upward movement.