Stocks hang near records on AI wins

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The companies, people and issues shaping business in Madison and the Capital Region.

Wall Street lingered near records before Tuesday’s bell as announcements on the artificial intelligence front propelled companies’ shares higher, the Associated Press reports.

Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq were all essentially flat in the premarket.

IBM shares jumped 4.5% after the New York technology giant announced an AI partnership with Anthropic, maker of the Claude AI chatbot.

Shares of Trilogy Metals more than tripled overnight after the White House announced late Monday that it’s taking a 10% equity stake in the Canadian company while allowing the Ambler Road mining project in Alaska to go forward.

Digital Partners