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Markets Rally Amid AI and Oil Shifts | Irvine News
Description
Stocks rallied this morning as the S&P 500 and Nasdaq surged, while the Dow bounced back from a rough week. Domino’s jumped over 7% after beating revenue targets, and AMC soared nearly 15% on record-breaking box office for “The Odyssey.” Meanwhile, oil prices slid amid rising U.S.-Iran tensions, pushing gas prices higher. A new powerful AI model from Moonshot AI in China is stirring global market nerves, signaling a growing challenge from lower-cost Chinese AI rivals. Globally, markets were mixed—with Europe mostly flat and Asia volatile, as South Korea and Taiwan’s indexes tumbled despite gains from key chipmakers.
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