Stock Market Today: Dow Jumps 556 Points as Investors Rotate Out of AI Stocks

TLDR The Dow rose 556.21 points, or 1.08%, to close at 52,177.69 as investors moved out of AI stocks. Memory chip stocks fell on fears of a glut as China increases competition. Producer prices rose 1.3% in September, the biggest monthly gain since 2022. CoreWeave gained almost 6% after falling more than 15% the day before. Investors have pared back bets on a Fed rate hike in October. The Dow Jones Industrial Average rose on Thursday as investors moved money out of artificial intelligence stocks. Worries about tech spending led many to look for value elsewhere. The blue-chip index added 556.21 points, or 1.08%, to close at 52,177.69. The S&P 500 gained 0.33% to end at 7,744.06. The Nasdaq Composite rose 0.08% to finish at 26,713.03.

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