business
US stocks rise as Wall Street shows it’s still hungry for AI winners
By Associated Press at Odessa American (oaoa.com)
· July 10, 2026
· 4 min read
By STAN CHOE
AP Business Writer
NEW YORK U.S. stocks ticked higher Friday after Wall Street showed its appetite is still big for winners of the artificial-intelligence boom.
The S&P 500 rose 0.4% to close out its fourth winning week in the last five. The Dow Jones Industrial Average added 149 po...
Key takeaway The Dow Jones Industrial Average added 149 points, or 0.
Why this matters in The Odessa
The Permian Basin's thriving economy, driven in part by the energy industry, is closely tied to the performance of the US stock market. As Wall Street's appetite for AI winners continues to grow, local businesses and investors in Odessa are likely watching the trend with interest. The surge in demand for computer memory and data centers could have a ripple effect on the local job market, potentially creating new opportunities in the tech sector. Additionally, the upcoming reporting season for companies' profits will be closely watched by investors in the region, as major banks such as Bank of America and Wells Fargo are set to release their earnings reports. The performance of these banks could have an impact on the local banking industry, and subsequently, the overall economic health of the Permian Basin. As the earnings reports unfold, Odessa residents can expect to see how the national trend affects their local economy.
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 10, 2026 ·
Source: Odessa American (oaoa.com) ·
Reading time: 4 min
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What is this story about? By STAN CHOE
AP Business Writer
NEW YORK U.S. stocks ticked higher Friday after Wall Street showed its appetite is still big for winners of the artificial-intelligence boom.
The S&P 500 rose 0.4% to close out its fourth winning week in the last five. The Dow Jones Industrial Average added 149 po...
When was this published? This article was first published on July 10, 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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