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The volatile AI trade marched higher, but oil kept Wall Street on edge last week

Source: cnbc.com cnbc.com
News Snapshot:

Wall Street's record-setting start to the week ran into two familiar sources of volatility: the artificial intelligence trade and oil. The Dow Jones Industrial Average on Monday closed above 53,000 for the first time ever before renewed U.S.-Iran tensions erased those gains, leaving the blue-chip index down 0.5% for the week. Chip stocks — once the hottest corner of the market — also swung sharply as investors continued to question whether the AI trade had become overextended. Even so, the tech-heavy Nasdaq gained 1.74% for the week, while the S & P 500 rose 1.23%. Both indexes have finished higher…

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