US: Wall St opens higher on AI euphoria after Micron’s upbeat forecast

Wall Street’s main indexes opened higher on Thursday (Sep 26), with the benchmark S&P 500 at a record high, as Micron’s upbeat forecast revived the frenzy around artificial intelligence, while investors assessed a softer-than-expected weekly jobless claims report.

The Dow Jones Industrial Average rose 198.7 points, or 0.47 per cent, at the open to 42,113.42.

The S&P 500 rose 40.0 points, or 0.70 per cent, at the open to 5,762.22​, while the Nasdaq Composite rose 245.1 points, or 1.36 per cent, to 18,327.34 at the opening bell. REUTERS