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Microsoft earnings provided optimism for the AI trade, as did the trading activity surrounding a hedge fund's fire sale.
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Investors say the hedge fund deal reassured jittery traders in tech stocks
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Wall Street ends higher as Amazon soothes AI jitters ReutersStock market today: Dow, S&P 500, Nasdaq rise to cap volatile July as Big Tech AI spending ramps up Yahoo FinanceUS stocks rise to finish a wild July as Amazon soars, Apple sinks and inflation worries worsen Dallas NewsAmazon and Apple Deliver the Drama to Close a Turbulent Month WSJ
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Scale of losses in recent weeks sparks growing risk aversion on Wall Street
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