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Wall Street reaches new highs
On Tuesday, the U.S. stock market experienced a historic surge, with the Nasdaq Composite rising over 2.6% and the S&P 500 increasing by 1.8%, closing at new all-time highs. The Dow Jones Industrial Average led the gains, up by 1.8% — approximately 900 points — amid anticipation of corporate earnings reports and updates on AI expansion initiatives, such as Caterpillar, which surpassed $20 billion in revenue for the first time, and Palantir, which achieved a 90% increase in revenue in the second quarter. The strong performance of tech companies and the semiconductor sector, including Intel and Nvidia, drove the rally in stocks, while oil prices fell following statements about reaching an agreement to open the Strait of Hormuz, amid mixed signals regarding Middle East negotiations.
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