Market Performance - U.S. blue-chip stocks continued to rise, with the Dow Jones index reaching record levels, reflecting renewed investor interest in traditional sectors outside the AI market [1] - The Dow increased by 0.9% to 48,350 points, surpassing its late-October highs, driven by strong performances from financial giants like Goldman Sachs, JPMorgan Chase, and American Express [2] - Health care stocks also showed resilience, with Eli Lilly on track for its tenth gain in eleven sessions [2] Company Highlights - Advanced Micro Devices (AMD) was a standout performer, surging over 8% after announcing faster-than-expected sales growth, projecting AI silicon revenue opportunities to exceed $1 trillion by 2030 [4] - Oklo Inc. saw a 5% increase despite a wider-than-expected quarterly loss, attributed to progress in its small-reactor projects [5] - Circle Internet Group Inc. experienced a decline of over 10% despite beating earnings expectations, due to higher-than-expected operating costs [5] Sector Performance - Commodities showed mixed results, with gold rising by 1.8% and silver by 3.5%, driven by safe-haven demand amid concerns over national debt [6] - Crude oil prices fell more than 4% to $58 per barrel, influenced by OPEC's revised forecast indicating a supply surplus [6] Index and ETF Performance - Major indices showed varied performance, with the Dow Jones up 0.9%, while the S&P 500 remained flat, and the Nasdaq 100 and Russell 2000 both declined by 0.3% [8] - The Health Care Select Sector SPDR Fund outperformed, increasing by 1.2%, while the Energy Select Sector SPDR Fund lagged, decreasing by 1% [10]
Dow Jones Hits Record Highs, AMD Jumps: Markets Today - Albemarle (NYSE:ALB), Advanced Micro Devices (NASDAQ:AMD)