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Blockbuster earnings support US stocks’ record run
Wall Street’s latest surge has helped ease concerns about AI spending and inflation pressures.
Wall Street has extended its streak to new highs as strong earnings from the United States’ largest companies helped calm investor worries.
WSJ Markets reports that the results from major large-cap firms are contributing to the support for the market rally, particularly by addressing questions around how much companies are spending on artificial intelligence.
The outlet also points to improving sentiment around inflation, suggesting that recent data and corporate performance have reduced fear that price pressures will undermine business prospects.
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