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Wall Street’s flip from AI to less-loved stocks accelerates, while oil prices keep easing
['Associated Press']
WXXV News 25WXXV News 25
Oil prices, meanwhile, eased further from the two-month high they hit last week.
The majority of the U.S. market rose after more companies delivered stronger profits for the spring than analysts expected.
Stock prices generally follow the trend of corporate profits over the long term, and expectations are high for this most recent round of reports with the U.S. stock market still near its all-time high.
It’s a rotation that some strategists have suggested could be healthy for the overall stock market.
In the oil market, the price for a barrel of Brent crude to be delivered in October fell 4.4% to settle at $82.08.