Stocks Rise as AI Optimism Offsets Tensions
The S&P 500 and Dow gained on Wednesday as investors weighed renewed U.S.-Iran clashes against strong growth in the artificial intelligence sector. Meanwhile, Treasury yields and September rate hike bets kept market gains in check.
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The benchmark S&P 500 rose 8.22 points, or 0.11%, to 7,639.69 on Wednesday morning as artificial intelligence momentum offset renewed clashes between the United States and Iran over regional influence. The latest exchange of fire ended weeks of relative calm and revived inflation anxieties across global markets. However, strong tech sector earnings countered the geopolitical pressure, keeping key equity benchmarks afloat during morning trading.
