Market News / Story
Growth, AI capex support U.S. stocks despite higher yields: Wells Fargo
Seeking Alpha ·
Seeking Alpha reports: While higher interest rates , elevated energy prices, and policy uncertainty may increase near-term market volatility, robust economic growth and the historic AI investment cycle remain supportive of U.S. large-cap equities , which already hit new record highs this week, according to Wells Fargo Investment Institute. "Strong growth and the AI investment boom have helped lift equities—but they may also be keeping Treasury yields higher for longer," analyst Mason Mendez…