Wall Street ends higher, investors juggle Fed nerves with AI enthusiasm

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Wall Street ends higher, investors juggle Fed nerves with AI enthusiasm
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NEW YORK, March 19 ― Wall Street's main indexes closed higher yesterday, with megacap growth stocks such as Alphabet and Tesla supporting a rebound in technology-heavy...

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Nvidia shares added 0.7 per cent but closed well below its session high. The artificial intelligence poster-child kicked off its annual developer conference as investors waited for new chip announcements from Chief Executive Jensen Huang. Of the S&P's 11 major sectors the weakest were rate sensitive real estate and healthcare, with both off 0.02 per cent.

Goldman Sachs yesterday said they now expect three interest rate cuts in 2024, compared with four expected earlier, after inflation came in a bit firmer than expected. Boeing finished down 1.5 per cent after a media report that a federal grand jury in Seattle issued a subpoena to the planemaker over the January 5 midair blowout of a Boeing door plug on an Alaska Airlines flight.

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