Wall Street steadies as AI stocks rebound and oil prices fall
Wall Street has stabilised as AI-related shares recovered and oil prices eased sharply.
| Updated: 16 Jan 2026
Wall Street has steadied, with stocks in the artificial intelligence sector bouncing back after recent weakness.
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The move follows an encouraging report from a major Taiwanese chipmaker, which helped lift confidence in the industry.
Markets also took support from oil prices easing sharply, reducing pressure on investors.
In early trading, the S&P 500 rose by 0.3 percent, while the Dow Jones gained 0.6 percent, as sentiment improved across key sectors.