U.S. stocks trade higher as Nasdaq leads and AI-linked shares outperform
Wall Street closed higher with the Nasdaq gaining 1.3%, while AI-linked names including Atlassian, Twilio, SoundHound AI, Tempus AI and Palantir posted outsized advances.
U.S. stocks extended gains in the latest update, with all three major benchmarks closing higher and the Nasdaq Composite again leading the advance. The Dow Jones Industrial Average rose 0.28%, the S&P 500 gained 0.62% and the Nasdaq climbed 1.3%, while the VIX fear index fell 1.65%. AI-linked shares were broadly stronger, including Atlassian up 35.31%, Twilio up 24.89%, SoundHound AI up 13.28%, Tempus AI up 12.86% and Palantir up 10.32%. Earlier updates in the topic had shown varying intraday readings on August 7 and August 8, but the broader pattern remained intact: U.S. equities stayed in positive territory, the Nasdaq outperformed the Dow and S&P 500, and AI-focused stocks led market gains.
- Nasdaq Composite: A major U.S. stock index with a heavy weighting toward technology companies, often used as a gauge of tech-sector performance.
- VIX: The Cboe Volatility Index, widely tracked as a measure of expected U.S. stock-market volatility and investor risk sentiment.
- AI-linked shares: Stocks of companies seen as tied to artificial intelligence themes, including software, semiconductor and infrastructure names.