Shares of technology companies rallied, as the 2023 craze for mega-cap technology and artificial-intelligence stocks revived.
Shares of electric-car maker Tesla rose by roughly 4%, as investors adjusted to the impact of rising Treasury yields on growth stock valuations.
Apple shares, which underwent a correction of rougly 10% from their summer peak, rose by roughly 1%.
Uber Technologies began offering return services for $5 or less to consumers who find it annoying or time-consuming to ship return items.
SoftBank’s chief executive officer, Masayoshi Son, said artificial general intelligence was so powerful that within a decade it will surpass all human knowledge, as hype about the emerging technology resurfaced.
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