EconomyWall Street rises as AI earnings boost tech stocks and inflation data backs rate-hold bets
Wall Street’s main indexes advanced on Wednesday, with the Nasdaq leading the gains. Strong earnings from companies involved in artificial intelligence infrastructure lifted technology shares. Inflation figures that were broadly in line with expectations also strengthened market bets that the Federal Reserve will keep interest rates unchanged. The move combined enthusiasm over AI-related results with support from the latest price data.
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Reuters★★★☆☆2026-08-12 16:10Original
Wall Street rises as AI earnings boost tech stocks and inflation data backs rate-hold bets
Economy