Stocks Rally as SpaceX Earnings Quell AI Fears
Stocks rose after SpaceX earnings eased concerns about AI business profitability. Treasury yields and the U.S. dollar also rose as risk appetite recovered.
MARKET WRAPSSTOCKS: Stocks rose as strong earnings from SpaceX quelled fears about the profitability of the artificial-intelligence business.TREASURYS: Treasury yields rose as risk appetite recovered, draining safe-haven demand.FOREX: The U.S. dollar rose slightly as traders recalibrated interest-r…