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Source:
Los Angeles Times
Microsoft stock soars amid inflation concerns
Microsoft's strong quarterly profit and positive outlook on its AI investments led to a significant rally in its stock and a broader rebound in Wall Street indices. The S&P 500 rose 1.7%, and the Nasdaq increased 2.8%, driven largely by Microsoft’s 15.5% surge. Conversely, concerns about high inflation persist, as bond yields remain steady and Federal Reserve officials suggest markets may be influencing inflation control more than rate hikes.
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