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January 16, 2026

Wall Street steadies as chip stocks bounce back and oil prices ease

By STAN CHOE
AP Business Writer

NEW YORK — Wall Street steadied on Thursday as stocks in the artificial-intelligence industry bounced back following an encouraging report from a Taiwanese chip giant and as oil prices eased sharply.

The S&P 500 rose 0.3% and snapped the two-day losing streak it had been on since setting an all-time high. The Dow Jones Industrial Average added 292 points, or 0.6%, and the Nasdaq composite rose 0.2%.


 
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