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Wall Street rises amid tech rebound
The American stock markets opened higher today after a day of declines, with the Nasdaq rising by 0.6% and the S&P 500 increasing by 0.3%. The positive momentum was reversed following a disappointing earnings report from OpenAI, which showed annual revenues of $50 billion up to September, short of higher expectations. Despite declines in the stocks of AT&T and Verizon due to concerns over competition, gains were led by technology companies like SpaceX and Lumentum. The market continues to be influenced by volatility in the artificial intelligence sector, with ongoing fears of declining business model appeal. However, the indices are on track to end the week higher, with the Dow Jones and Nasdaq each increasing by 0.4%, and the S&P 500 rising by 1%.
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