Wall Street closes higher with AI stocks outperforming

 Wall Street closed higher yesterday for a fourth consecutive session, with artificial intelligence-related stocks continuing to outperform during the holiday-shortened week. Among the major indices, the Nasdaq Composite Index advanced almost 0.6 per cent, the S&P 500 gained nearly half a per cent, and the Dow Jones Industrial Average added around 0.2 per cent.

On the economic front, data released by the US Bureau of Economic Analysis showed that gross domestic product increased at a 4.3 per cent annualised rate in the third quarter.