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U.S. Stocks Drift Near Record Amid AI Demand
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On Wednesday, U.S. stocks drifted near all-time highs as the S&P 500 was mostly unchanged, the Dow rose 58 points and the Nasdaq gained 0.1%. ASML's upbeat 2026 revenue outlook and stronger results from Nvidia and Seagate supported the market; the dollar stabilized after a near four-year low, Treasury yields rose ahead of an expected Federal Reserve rate hold, and gold surged above $5,000 to $5,292.40.
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