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AI, Oil, and Earnings Shake Markets | Anchorage News
Description
Stocks are mixed as the S&P 500 holds slight gains, the Dow climbs, and the Nasdaq dips, amid a wave of earnings reports. Philip Morris and AT&T soar on strong profits and shareholder returns, while Super Micro Computer surges on a revised profit forecast despite lower-than-expected revenue. GE Vernova falls after missing targets, and investors await Alphabet’s AI-driven earnings report. Micron rebounds as AI momentum continues, while oil prices spike 3%—their highest in six weeks—due to Middle East tensions, fueling inflation fears and potential rate hikes that could slow the economy.
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