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US stocks: Dow, S&P 500 end higher as traders shift from AI to healthcare
Source: Economic Times · 3 hr ago
Summary
The S&P 500 recovered after an early decline, driven mainly by gains in healthcare and consumer stocks. Investors moved money away from technology shares because of concerns about rising debt in the AI field. Companies such as Eli Lilly and UnitedHealth advanced after positive analyst notes, while Broadcom and Nvidia fell.
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From the original report
After a rocky start, the S&P 500 experienced a resurgence, largely spurred by investments in the healthcare and consumer segments. Investors seemed to distance themselves from technology stocks, anxious about mounting debts in the AI sector. Eli Lilly and UnitedHealth rose thanks to favorable evaluations from Deutsche Bank, whereas Broadcom and Nvidia struggled.
Excerpt from Economic Times.
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