US stocks found their footing as cooling inflation data eased worries about the Fed keeping rates higher for longer, though bonds continue to set the tone for the trading day. Tech
US stocks found their footing as cooling inflation data eased worries about the Fed keeping rates higher for longer, though bonds continue to set the tone for the trading day. Tech led the charge, with AI-linked names and cybersecurity stocks rallying hard, while bitcoin miners slipped as that corner of the market cooled off. Oil stayed in focus with Washington pressing Europe to tap emergency reserves as prices climb, and the Iran sanctions standoff keeps energy headlines front and center.
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