The Dow Jones Industrial Average rose 72.70 points, or 0.14 percent, to 51,422.62. The S&P 500 gained 21.09 points, or 0.27 percent, to 7,691.93. The Nasdaq Composite advanced 99.52 points, or 0.37 percent, to 26,897.06.
Despite the gains, Steve Eisman raised concerns about off-balance sheet financing of AI projects, drawing parallels to accounting practices employed by Enron before its collapse and suggesting potential systemic risks.
Goldman Sachs indicated that tariff fears and robust AI demand are disrupting copper and silver markets, with the firm forecasting continued price volatility for these commodities.
In the mortgage sector, Fannie Mae and Freddie Mac are incorporating VantageScore, a competitor to FICO, into their underwriting processes. Rocket Mortgage also announced adoption of VantageScore for loan evaluations.
Treasury yields have surged, but some analysts believe the economy and financial markets possess the capacity to absorb higher yield levels.
