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Wall Street closes higher as Microsoft and AI stocks climb

The S&P 500 and Nasdaq both ended higher, even as high oil prices and a jump in Treasury yields added to investor caution.

Reported · Written up by our desk · Indices

Wall Street ended higher on Friday, with gains led by Microsoft and other AI-related technology stocks, according to Reuters. The move capped a volatile week as investors weighed uncertainty over which industries could benefit from artificial intelligence.

Investors also stayed on edge due to high oil prices and a recent surge in US Treasury yields, alongside concerns related to the US war with Iran. Reuters reported that the S&P 500 and Nasdaq finished the day higher amid the turbulence.

Microsoft shares rose after the company unveiled new capabilities for its Copilot app, including a coding tool and an always-on AI agent, Reuters said. Akamai Technologies jumped after announcing an $11.6 billion cloud services deal with AI firm Anthropic.

Akamai’s deal includes a warrant that could give Anthropic up to 5% of Akamai, Reuters reported. Reuters also noted that Meta Platforms dipped, despite its stock having risen about 13% over the week on strong reception to its Muse AI agent.

Latest closeS&P 500 7,675.92 ▼0.4%|Nasdaq Comp. 26,749.30 ▼0.7%

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