The stock market experienced significant fluctuations this past week, driven by key economic indicators including jobs and inflation data. Nvidia’s landmark $100 billion investment in OpenAI highlighted its deepening commitment to artificial intelligence, boosting its stock initially but leading to a subsequent decline. The S&P 500 and Nasdaq reached record highs before ending the week down over 1%. Positive consumer inflation reports offered temporary relief, yet concerns over rising interest rates lingered. Meanwhile, Boeing surged on news of a potential major jet order from China, while Costco’s stock fell despite strong earnings due to disappointing same-store sales growth. Apple emerged as a leading performer with a 4% gain, buoyed by robust early sales of the iPhone 17. Market experts believe these dynamics suggest ongoing investment opportunities, particularly in AI and established companies like Boeing and Apple as they navigate economic uncertainties.
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