Since the last CNBC Investing Club Monthly Meeting, the stock market rose as the artificial intelligence trade came roaring back. The tech-heavy Nasdaq climbed 2.7%, the S&P 500 gained 2.6% and the Dow Jones Industrial Average advanced 2.3%. Top performers included Microsoft up 22.8% after strong quarterly results, Eaton up 16.1% and Salesforce up 12%. On the downside, Honeywell fell 19.5% before the position was exited, Meta Platforms dropped 12.9%, Apple fell 9.3% and Linde declined 7.9%. The blow-up of leveraged AI-focused hedge fund Situational Awareness initially pressured several AI stocks before reassuring quarterly results helped restore investor confidence.
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