US Market Overcomes Inflation Worries with AI Opportunities

Amid an initially volatile trading session, US stock markets closed higher on Friday, driven by gains in the technology sector and lower Treasury yields. This positive momentum was further supported by a significant deal between Akamai Technologies and Anthropic, along with strategic announcements from Microsoft regarding its artificial intelligence assistant Copilot. In contrast, Meta saw a decline but still performed well on a weekly basis. The banking sector also contributed to the upward movement of US markets, with notable gains for JPMorgan and Goldman Sachs. This trend translated into strong weekly performance across major indices, particularly the Nasdaq. Notably, concerns over potential sales at oil company Farm Rio received attention in Brazil but had limited global impact due to overall optimism in Wall Street. Source: InfoMoney