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US market loses early AI-fuelled gains as investors’ eyes turn to Jackson Hole

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It was a generally weak day of trading across Europe on Thursday, as the US market saw early AI-fuelled gains burn out later in the day.

Interim results published by building materials giant CRH was the main news of the day among ISEQ companies, as the group reported an 8 per cent surge in sales in the first half of the year to $16.1 billion .

Building materials company Kingspan continued to move higher on Thursday, closing up 0.87 per cent, while packaging company Smurfit Kappa was down 0.33 per cent. On the downside, shares in insurance company Aviva were down 2.57 per cent on Thursday, while financial services and asset management company Legal & General closed down 2.55 per cent.European stocks hit one-week highs as they headed for a fourth straight day of gains, adding as much as 1 per cent before falling back, as the Stoxx 600 fell 0.41 per cent lower.

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