Major Wall Street indexes closed higher on July 6 after the US holiday, supported by bargain buying and expectations of higher earnings in Artificial Intelligence.
The Nasdaq rose 1.12 percent to 26,121.16 points, while the S&P 500 gained 0.72 percent to 7,537.43 points. The Dow Jones reached a new all-time high after advancing 0.29 percent to 53,055.91 points.
Mark Haefele, chief investment officer at UBS, told Bloomberg that investors will look for signs that recent technology sector volatility is stabilizing and will assess whether pressure on hyperscale stocks alters views on the path of Artificial Intelligence capital spending.
European markets mostly declined, with Spain’s IBEX 35 falling 0.85 percent to 19,683.80 points and France’s CAC 40 dropping 0.33 percent to 8,479.87 points. In Mexico, the S&P/BMV IPC rose 0.61 percent to 67,466.46 points and the FTSE-BIVA gained 0.65 percent to 1,355.90 points.
In oil markets, West Texas Intermediate rose 0.01 percent to 68.68 dollars per barrel, while Brent fell 0.04 percent to 72.09 dollars after OPEC and allies agreed to raise output by 188,000 barrels a day next month.
