Why Thursday Could Be a Big Day for the Stock Market

During the past three years, the stock market has been on an absolute tear. The broad-based S&P 500 has gained 73%, while the tech-heavy Nasdaq Composite is up 99% (as of this writing). That's well ahead of the average stock return of 10% annually. Most experts agree that artificial intelligence (AI) has played a pivotal role in the market's ascent. In recent months, many software-as-a-service (SaaS) stocks have been in freefall. Recently released AI tools have sparked fears that they could displace many existing accounting, legal, or sales software offerings, prompting some investors to abandon ship. Two critical financial reports will be released after the market close on Wednesday, offering crucial insight into the current state of the AI revolution and its implications for the future -- so Thursday could be a big day for the stock market.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool