business
Rebounding AI stocks send the S&P 500 within 1% of its record
By Associated Press at Odessa American (oaoa.com)
· July 6, 2026
· 3 min read
By STAN CHOE
AP Business Writer
NEW YORK A rebound for AI stocks lifted the U.S. market on Monday.
The S&P 500 rose 0.7% and pulled back within 1% of its all-time high, even though the majority of stocks within the index fell. The strength for companies in the artificial-intelligence technology ...
Key takeaway 1% higher, and the Dow Jones Industrial Average rose 155 points, or 0.
Why this matters in The Odessa
The rebound in AI stocks and its impact on the S&P 500 may have significant implications for the Permian Basin's economy, particularly in the energy sector. As AI technology continues to advance, it is likely to play a larger role in the oil and gas industry, potentially increasing efficiency and productivity. Local businesses and investors in Odessa may be watching the developments in the AI sector closely, considering potential investments or partnerships that could benefit from the growing demand for AI chips and data centers. The planned IPO of SK Hynix, a major manufacturer of computer memory, will be an important test of the global appetite for AI investments, and its outcome may influence the decisions of local investors and businesses in the region. The Permian Basin's strong energy sector could potentially benefit from the growth of AI, making it an important trend to watch in the coming months.
About this story
Original reporting by Odessa American (oaoa.com) . The Odessa surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Odessa American (oaoa.com) . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: July 6, 2026 ·
Source: Odessa American (oaoa.com) ·
Reading time: 3 min
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What is this story about? By STAN CHOE
AP Business Writer
NEW YORK A rebound for AI stocks lifted the U.S. market on Monday.
The S&P 500 rose 0.7% and pulled back within 1% of its all-time high, even though the majority of stocks within the index fell. The strength for companies in the artificial-intelligence technology ...
When was this published? This article was first published on July 6, 2026 by Odessa American (oaoa.com) and curated for The Odessa readers.
Who reported this story? This story was reported by Associated Press at Odessa American (oaoa.com). To learn more about how The Odessa selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The Odessa, or browse our daily briefing and topic hubs .
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