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Source:
Los Angeles Times
Wall Street Advances on AI Gains and Lower Inflation Concerns
Wall Street stock indexes edged higher, led by strong earnings reports from AI companies, as inflation data showed a slight slowdown in the U.S. last month. The S&P 500 increased 0.3%, driven by gains in AI-related stocks such as Super Micro Computer and CoreWeave, which reported better-than-expected profits and revenue. Treasury yields declined modestly amid expectations that the Federal Reserve may delay interest rate hikes, while oil prices remained relatively stable.
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