New York stocks end: AI heavyweights drive Nasdaq stock exchange upwards By dpa-AFX

NEW YORK (dpa-AFX) – Technology stocks in particular were in demand on the US stock exchanges (ETR:) on Thursday. Here, the topic of artificial intelligence (AI) once again caused optimism among investors. The price gains of the two AI heavyweights AMD (NASDAQ:) and Alphabet (NASDAQ:) brought the technology-heavy company an increase of 1.48 percent to 16,022.49 points. The index thus passed the 16,000 mark again. “Tech stocks are making the difference today,” said analyst Craig Erlam from broker Oanda.

After initial losses, the leading industrial index turned positive, which ultimately amounted to 0.17 percent to 36,117.38 points. Its week-long rally had recently stalled; the Dow had fallen slightly in each of the past three sessions. The market width rose by 0.80 percent to 4585.59 points on Thursday.