AMD's positive outlook drives the benchmark index stronger, but U.S. stocks are still in a complex mix of emotions
2025-11-12 15:09:45
U.S. stocks extended gains on Wednesday as a rebound in tech stocks helped major indexes move higher and optimism about ending the longest government shutdown in U.S. history. The S & P 500 rose 0.1 percent, helping to push the benchmark on track for a fourth straight session of gains after AMD (AMD. O) gave a positive outlook for sales growth. Meanwhile, the tech-heavy Nasdaq 100 fell 0.1 percent. Matt Maley of Miller Tabak said: "Yesterday we had a'all but tech 'rally, but those tech stocks did well this morning. As a result, investors don't seem to be as worried about recurring spending on the AI phenomenon as Michael Burry is now. Russ Mould, investment director at AJ Bell, said: "Corrective declines are a healthy and necessary part of the financial marekt, but investors will be wary of any signs that this is turning into a clear sell-off. Right now, we are not really in that space yet, but risks are rising ahead of NVIDIA's third-quarter results."
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