Wall Street Advances on AI Gains and Lower Inflation Concerns

Wall Street stock indexes edged higher, led by strong earnings reports from AI companies, as inflation data showed a slight slowdown in the U.S. last month. The S&P 500 increased 0.3%, driven by gains in AI-related stocks such as Super Micro Computer and CoreWeave, which reported better-than-expected profits and revenue. Treasury yields declined modestly amid expectations that the Federal Reserve may delay interest rate hikes, while oil prices remained relatively stable.

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