Stocks Turn Mixed as Walmart-OpenAI Deal Pushes Dow Higher

In a speech today at the NABE Annual Meeting, Fed Chair Jerome Powell said, “The outlook for employment and inflation does not appear to have changed much since our September meeting,” which investors have interpreted to support additional rate cuts.Most stock indexes rallied to record highs last week on optimism that growth in the AI sector and spending on artificial intelligence will translate into corporate profits. Stocks are also underpinned by hopes that a resilient US economy and additional Fed easin ...