MARKETS LIVE: Wall Street closes higher as Dow jumps 556 points, tech stocks lag
Wall Street closed higher with the Dow Jones up 1.1% (556 points) to 52,178, while the S&P 500 and Nasdaq gained 0.3% and 0.1% respectively. Tech stocks lagged due to AI development cost concerns. CoreWeave rebounded 10% after early losses. Bank of America upgraded CarMax to 'buy' with a $65 target. Ericsson rose 9% on strong Q3 sales growth, and Taiwan Semiconductor reported a 69% net income increase.


