In section Market Quotes

Industrials Rise as Traders Reassess AI Demand

Falling oil futures and renewed confidence in the artificial-intelligence boom lifted shares of industrial and transportation companies, as investors also weighed company-specific updates from Hapag-Lloyd, Caterpillar and Siemens Energy.

Industrials Rise as Traders Reassess AI Demand

Hapag-Lloyd raised its full-year earnings guidance for a second time after fourth-quarter freight rates exceeded the German container shipping line’s forecast.

Caterpillar shares recovered some recent losses. Demand for the company’s generators from AI data-center developers appeared likely to hold up after CoreWeave reported earnings.

Siemens Energy shares surged after the energy-infrastructure machinery maker issued optimistic long-term growth projections.

Share:on TelegramXFacebook

Subscribe to our newsletter

Once a week — the best stories from our editors, no ads or push notifications. Delivered Sunday morning.

Comments (0)

Leave a comment

No comments yet. Be the first!