The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all saw gains as markets rebounded from an early shock related to a DOJ investigation and calls for a credit card interest rate cap. Alphabet’s $4 trillion valuation helped stabilize tech stocks, while financial giants like JPMorgan Chase and Goldman Sachs lagged.

The day’s volatility pushed gold prices nearly 2% higher, continuing its impressive rally. Alphabet stole the show by reaching a $4 trillion market cap and securing partnerships with Walmart, Wayfair, Shopify, and Apple for AI-powered initiatives. Investors optimistic about the AI industry cheered the positive market day.

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Read more at Yahoo Finance: Markets Dip on DOJ Powell Probe, Rebound With Alphabet