AI Trends Boost Markets, Retail Struggles
Update: 2025-11-26
Description
Major US stocks show positive signs, with the S&P 500, Nasdaq, and Dow all gaining. Alphabets valuation surges, nearing $4 trillion, as a potential AI chip deal with Meta shakes up the tech world. HSBC predicts the S&P 500 could reach 7500 by 2026 due to AI capital expenditure, but a two-speed economy is evident in mixed earnings reports. Deere faces demand challenges, while Abercrombie and Fitch stock rallies on strong sales.
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