Wall Street closes higher Thursday but tech stocks lag

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• Wall Street closes higher Thursday but tech stocks lag

  U.S. stock indexes all closed higher on Thursday despite a sharp sell-off in AI stocks, including Nvidia. The Dow Jones Industrial Average rose 556.21 points, or 1.08%, to 52,177.69, while the S&P 500 gained 0.33% to 7,744.06 and the NASDAQ Composite added 0.08% to 26,713.03. The Producer Price Index for September rose 1.3% and 6.3% on an annualized basis, far above expectations and the highest readings in four years, raising concern that the Fed might have to act. The U.S. dollar fell against most major currencies, while the Australian and Canadian dollars were the weakest, down 0.75% and 0.35% against the greenback. Asia-Pacific markets fell sharply on a tech selloff, while Canada's S&P/TSX Composite rose 1.55% and the FTSE 100 gained 1.08%.

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