Shares of banks and other financial institutions rose as muted inflation data and strong chip demand eased fears about a shift in Federal Reserve policy and a slowdown in artificial-intelligence spending.
Some investment firms gained after Micron's earnings report eased concerns about over-building of AI infrastructure.
Coinbase Global fell as another rebound for bitcoin prices ran out of steam. Coinbase said it would partner with prediction-markets firm Kalshi.
In another sign that the AI boom has legs, consulting firm Accenture cited AI demand for its fiscal first-quarter sales growth.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
December 18, 2025 17:27 ET (22:27 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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