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9 June
AI Fueled Markets Defy Debt Ceiling Drama
Quick Take: Amidst the final stretch of debt ceiling negotiations to avoid a US default, equities and bonds remained resilient, with AI-related names leading the charge. Mega tech companies continued a year-to-date market dominance as the tech-heavy Nasdaq rose 5.8%, outperforming the S&P 500 equity index, which increased 0.3%.[1] Five stocks — Microsoft, Alphabet Inc. […]
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