Nasdaq Jumps Triple Digits Amid Tech, AI Buzz

The Dow and S&P 500 both snapped three-day skids

Laura McCandless

Deputy Editor

Dec 7, 2023 at 4:29 PM

Stocks bounced back with wins across the board today. The tech-heavy Nasdaq stole the show, scoring its first triple-digit pop since Nov. 20, amid artificial intelligence (AI) tailwinds, with Alphabet (GOOGL) launching its Gemini AI model and C3.ai's (AI) earnings report. Elsewhere, the Dow and S&P 500 both snapped their three-day losing streaks as Wall Street looks ahead to tomorrow's nonfarm payrolls data.

2 retail stocks in focus after earnings.
Datadog stock upgraded after recent rally.
Plus, biotech with buyout potential; TTWO downgraded; and AMD's new AI chip.

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NYSE Nasdaq 1207

5 Things to Know Today

Wedbush analyst criticizes GameStop's new investment policy, calling it "alarming" and "inane." (MarketWatch)
U.K. startup AutogenAI has received $39.5 million in investments from Salesforce (CRM) and others. (MarketWatch)
Call traders target rallying weight-loss drug developer.
Analyst: video game stock in "holding pattern" until Grand Theft Auto VI release.
More artificial intelligence (AI) news surrounding AMD.

Oil Falls for 6th Straight

Oil futures dropped for the sixth-straight session. January-dated West Texas Intermediate (WTI) crude fell 4 cents, or nearly 0.1%, to settle at $69.34 a barrel.

Gold prices rose today as the U.S. dollar weakened. At last look, however, February gold futures were down 0.05% at $2,046.90.

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