Wall Street recovers from losses earlier in the week, as AI stocks climb

Market Performance - Major U.S. stock indexes experienced gains, with the S&P 500 rising by 0.8% and the Dow Jones Industrial Average increasing by 283 points, or 0.6% [1] - The Nasdaq saw a jump of 1%, indicating a potential weekly gain [1] - Technology stocks, particularly those focused on artificial intelligence, led the market, with Nvidia increasing by 3.4% and Broadcom by 2.4% [1] Company Developments - Oracle's stock rose by 7% following the announcement of a new joint venture with Silver Lake and MGX for TikTok in the U.S., with each investor acquiring a 15% stake [2] - Nike's stock fell by 9.6% despite reporting strong quarterly profits, as tariffs negatively impacted its performance [3] - Lamb Weston, a frozen potato maker, saw a decline of 19.8% even after surpassing profit and revenue forecasts [3] - Winnebago Industries experienced a significant increase of 10.7% after reporting profits and revenue that exceeded analysts' expectations [3] International Market Trends - Japanese stocks rose after the Bank of Japan raised its benchmark interest rate to the highest level in 30 years, with the Nikkei 225 gaining 1% [4] - European markets also showed gains following the positive trend in Asia [4]