Wall Street closes higher as global markets rally midweek
The article focuses on the performance of global and American financial markets. Wall Street closed slightly higher, supported by declining inflation and strong bank earnings, with projections of a 23.7 percent annual growth in S&P 500 earnings in the second quarter. Meanwhile, European stocks posted modest gains amid geopolitical tensions in the Middle East, with technology shares negatively affected. Most Gulf stock markets closed lower, while the UAE markets rose. The Japanese Nikkei index increased thanks to chip-related stocks and optimistic outlooks for AI-related companies.
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