Stock market today: Dow slips, Nasdaq drifts higher as oil falls, AI trade powers market
Yahoo Finance • • business
Key Points:
- PayPal shares rose over 2% following a partnership announcement with Meta, allowing customers to use Meta's Muse personal AI agents for online shopping; Meta stock increased by 1%.
- Viking Therapeutics stock surged more than 25% after its experimental obesity drug demonstrated a 22% weight loss in clinical trials and showed potential for maintaining weight loss with fewer injections.
- AutoZone shares jumped 5% after reporting higher fourth-quarter profits and forecasting accelerated sales growth in 2027, despite missing revenue expectations.
- SanDisk stock gained 5% after Rosenblatt Securities initiated coverage with a Buy rating and a $2,400 price target, citing strong AI demand for NAND memory chips as a growth driver.
- US stock markets remained steady with modest gains in the Nasdaq, S&P 500, and Dow Jones amid easing oil supply concerns following diplomatic signals from Iran and Saudi Arabia, while gasoline and diesel prices remain elevated.
