US stocks hit record high driven by earnings and AI
U.S. stocks rose to record levels supported by strong earnings forecasts and the impacts of artificial intelligence, with Nvidia's market value approaching $6 trillion, indicating continued company profits growth of around 25% in the third quarter. Meanwhile, ten-year Treasury bond yields declined, enhancing the appeal of riskier assets. Despite geopolitical tensions and rising energy costs, major economies demonstrated resilience to these conditions, with expectations that the earnings season will continue to support further market gains, provided that companies confirm their growth forecasts.
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