US equity markets retreated as last week’s artificial intelligence (AI) and semiconductor sell-off continued amid some tentative signs of a change in market leadership - Dow rose +261-points or +0.67%, with Amgen Inc (up +3.24%), Chevron Corp (+2.60%) and Goldman Sachs Group Inc (+2.65%) all gaining over >2.5%. Apple Inc added +0.31% despite the iPhone maker being charged by the European Union for failing to comply with a new digital-competition law. Meanwhile, The Wall Street Journal reported that Apple has held discussions with Meta Platforms Inc (+0.83%) about potentially integrating Meta’s generative AI model into Apple Intelligence, the company’s AI strategy for iPhones, iPads, and Macs.
Podchaser is the ultimate destination for podcast data, search, and discovery. Learn More