at the Federal Reserve that are intended to fight price increases by slowing the economy and slashing demand, analysts said.
earlier this month showed that the labor market slowed but still grew at a solid clip in June, adding 209,000 jobs.has cheered markets, John Stoltzfus, managing director and chief investment strategist at Oppenheimer Asset Management, told ABC News. Meanwhile, an upswell of optimism about the benefits of AI has compounded that positive market outlook, Edward Moya, a senior market analyst at broker OANDA, told ABC News."It has been resilient because of the AI movement," Moya said. "There needed to be a fresh catalyst."Major indices like the S
Shares of Google, which unveiled its generative AI product, Bard, in February, have climbed roughly 36% in value this year. Microsoft, which owns a major stake in ChatGPT-maker OpenAI, has seen its share price jump 46%.
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U.S. stocks open mostly lower as disappointing tech earnings weigh on NasdaqU.S. stock indexes opened mostly lower on Thursday amid a batch of disappointing earnings from technology behemoths, raising concerns about growth. The Dow Jones Industrial Average was up 0.3%:
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