Economic TimesLean R·
US stocks: Nasdaq leads Wall Street higher as AI stocks rally, inflation supports Fed pause
US stock markets rallied on Wednesday, with the Nasdaq taking the lead in gains. Encouraging earnings reports from AI infrastructure companies provided a notable boost to technology stocks. Inflation data matched expectations, fostering confidence that the Federal Reserve may opt to maintain current interest rates. Meanwhile, the fluctuating situation in the Middle East continued to play a significant role in influencing market sentiment.
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