S&P 500 Rises Nearly 13% on AI, Earnings as Oil and Rates Fail to Deter Bulls
Updated
Updated · The New York Times · Sep 8
S&P 500 Rises Nearly 13% on AI, Earnings as Oil and Rates Fail to Deter Bulls
2 articles · Updated · The New York Times · Sep 8
Summary
The S&P 500 has climbed nearly 13% this year despite war in Iran, higher oil prices and a bond sell-off that threatens to lift borrowing costs.
Strong corporate earnings and persistent enthusiasm for artificial intelligence have kept investors buying, with blowout results from companies such as Nvidia reinforcing bets on sustained AI demand.
That optimism is becoming more selective as investors scrutinize how heavily hyperscalers are spending on AI infrastructure and whether the costly data-center build-out will generate returns.
September now poses a key test for the rally because stocks historically weaken in the month, while rising interest rates and fears of runaway AI spending could unsettle gains.