The S&P 500 weathered a mixed day on Wall Street with a ton of help from Amazon.com and other key artificial intelligence stocks.
The market benchmark rose 0.2% even though a majority of stocks and sectors in the index were down on the day. The Nasdaq Composite gained 0.5%. The Dow Jones Industrial Average fell about 225 points, or 0.5%.
The yield on the 2-year Treasury note dropped to just below 3.6%. The 10-year yield rose to 4.1%.The big news of the day was Amazon inked a $38 billion deal to provide cloud infrastructure for OpenAI. That sent shares of the Big Tech titan surging. Shares of Nvidia and Palantir Technologies were among some of the day’s big winners.