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Stock Market Extends Record Highs, S&P 500 Hits 4,900 On Tech Rally, Microsoft’s $3 Trillion Mark: What’s Driving Markets Wednesday?

It’s a bullish day on Wall Street, with major U.S. large-cap indices reaching record highs, driven by broad-based rallies in tech-related stocks as investors continue to embrace the AI trade.

AAPL

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US Output Growth Hits 7-Month High In January: Services Lead, Manufacturing Rebounds

US economy shows robust start to 2024, driven by service & manufacturing sectors. PMI at highest levels since mid-2023. Demand & business confidence improve, inflation cools. Challenges include supply delays & declining purchasing activity in manufacturing.

SPY

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US Stocks Pause As Treasury Yields, Dollar Surge On Trimmed Fed Rate Cut Bets: What’s Driving Markets Tuesday?

Wall Street took a breather on Tuesday, with the major U.S. stock indices trading near the flatline or showing slight declines during midday trading in New York as investors closely await a series of relevant earnings reports and crucial economic data slated for the remainder of the week.

$TKO