Wall St higher as traders shift from AI to healthcare

Key points

• US shares closed higher after early losses, as investors shifted from AI-related stocks into healthcare and consumer companies such as Eli Lilly and UnitedHealth. Several technology stocks fell over concerns about debt and rising interest rates.
• The S&P 500 gained 0.32 per cent, while the Dow Jones rose 1.08 per cent.
• Traders now put a 67 per cent chance on a Federal Reserve rate rise by December, after hotter-than-expected inflation data.