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Microsoft leads a rally on Wall Street, while worries about inflation remain in the bond market

NEW YORK (AP) — U. S. stocks are rebounding Thursday after Microsoft leaped on hopes that its big spending on AI is translating into profits, while computer-chip companies clawed back some of their sharp recent losses. The S&P 500 rallied 1. 5% and recovered nearly all of its drop from the prior day, which was its worst in seven weeks. The Dow Jones Industrial Average was up 555 points, or 1. 1% as of 1:49 p. m. Eastern time. The Nasdaq composite, which is full of artificial-intelligence 2 a...

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